Seven weeks after the Federal Government announced that it has commenced implementation of the agreement signed with the Academic Staff Union of Universities, ASUU, by disbursing N100 billion to 59 public universities, the affected tertiary institutions have raised alarm that they are yet to receive the fund.
The Governor Gabriel Suswan-led Presidential Implementation Committee on Needs of Nigerian Universities was said to have sourced the fund within 16 days of its inauguration from the Central Bank of Nigeria, CBN, Nigerian National Petroleum Corporation, NNPC, Nigerian Communications Commission, NCC, and other government agencies.
The committee thereafter adopted a sharing formula for each of the university based on student population and the depth of infrastructural decay.
The money was meant for the refurbishment/renovation and provision of new facilities such as hostels, lecture theatres and lecture rooms, laboratories and libraries in the universities.
Reacting to report that the money has been released to the universities, Vice Chancellor of one of the universities in the South East said “the Federal Government has only sent us a memo through the Ministry of Education that we are getting N650 million from the funds. Until we get alert into the university’s account, we will know how sincere the government is but presently we are yet to receive the money.”