News
FG Approves N470bn For Upward Adjustment Of Lecturers’ Salaries
FG has approved N470 billion for upward adjustment of lecturers’ salaries.
EKO HOT BLOG reports that President Muhammadu Buhari-led government on Wednesday disclosed that it has provided N470 billion Special Fund in the 2023 budget for university revitalisation and upward adjustment of lecturers’ salaries.
The approval is coming a few days after the University lecturers called off their 8-month strike.
EDITOR’S PICKS
-
BREAKING: Panic As Bandits Invade General Hospital, Kill 2, Abduct Doctor, Many Others
-
BREAKING: Gunmen Abduct Labour Party Senatorial Candidate [PHOTO]
-
Fani-Kayode Slams Atiku Over Northerner Remark, Says You Won’t Treat Nigeria Like Wike
The development was announced by the Minister of Finance, Zainab Ahmed during a press briefing in Abuja.
Ahmed disclosed that N470bn was provided in the allocation to education for upward adjustment of salaries for university lecturers and revitalization of universities.
According to the minister, the sum of N300bn is for university revitalisation and N170bn for upward adjustments of the university lecturers’ salaries.
Ahmed noted that the draft 2023 budget was prepared against the backdrop of international challenges such as the Russia-Ukraine war and the COVID-19 pandemic.
She added that revenue generation has been a major challenge to national development in the country.
The minister while speaking on the allocations for critical sectors said the sum of 2.05 trillion Naira is allocated to education and 1.58 trillion Naira to health.
She added that 2.74 trillion naira is allocated to defence and security, infrastructure got 998.9 billion Naira, while social development and poverty reduction has 756 billion Naira.
FURTHER READING
-
BREAKING: Oyebanji Sworn In As Governor Of Ekiti [PHOTO]
-
[JUST IN] EXPOSED: Wike Reveals Other Ayu’s ‘Sins’
-
PDP Crisis: Reach Out To Aggrieved Members— Ayu Tells New PDP BoT Chairman
Recall that the Academic Staff Union of Universities (ASUU) recently suspended its eight-month strike over the upward review of lecturers’ welfare, amongst others.
Click to watch our video of the week:
Advertise or Publish a Story on EkoHot Blog:
Kindly contact us at [email protected]. Breaking stories should be sent to the above email and substantiated with pictorial evidence.
Citizen journalists will receive a token as data incentive.
Call or Whatsapp: 0803 561 7233, 0703 414 5611
