The Academic Staff Union of Universities (ASUU) has agreed to call off its eight months old strike.
The decision followed after an eight-hour meeting with the government team led by Minister of Labour and Employment, Chris Ngige, in Abuja, on Friday.
The government also pledged to pay N 40 bn as the Earned Allowance and N 30 bn for the revitalisation of the university system bringing the total payment to N 70 bn .
Minister of Labour and Employment, Dr Chris Ngige disclosed after the meeting which ended on an amicable note.
Representing the union were its President, Prof. Biodun Ogunyemi and other top members.
This is happening one week after the Federal Government accepted the demand by the ASUU that they be exempted from the Integrated Payroll and Personnel Information System pending the approval of their proposed payment system , the University Transparency and Accountability Solution .
The FG further agreed to settle the arrears of salaries of the lecturers before December 31 .
ASUU is expected to report the agreement to its organs and then communicate their decision to the government after which a date for the calling off of the strike would be announced.
ASUU insisted that the agreement should not be announced until it had been approved by its members .
Speaking to journalists after the meeting , Ngige said, “ Many issues were discussed at the meeting , including salary shortfall , the payment system and revitalisation of the university system . I am positive that all the issues would be resolved at our next meeting .”
The ASUU President , Prof Biodun Ogunyemi , simply noted that everything Ngige said was correct and declined further comment .