The Federal Government has disbursed N2.311 billion to federal universities to settle outstanding arrears owed to academic and non-academic staff.
The funds, processed through the Office of the Accountant-General of the Federation (OAGF), mark a significant step in the administration’s efforts to revitalize Nigeria’s tertiary education sector.
Minister of Education, Dr. Tunji Alausa, announced the release on Wednesday while providing updates on the government’s ongoing engagements with the Academic Staff Union of Universities (ASUU) and other university-based unions.
“A total of N2.311 billion has been released through the Office of the Accountant-General of the Federation to universities,” Alausa stated. “Benefiting institutions should begin to receive payment alerts anytime from now.”
Alausa emphasized that President Bola Tinubu remains committed to resolving long-standing welfare and funding challenges in a transparent and sustainable manner.He noted that the administration is focused on clearing inherited obligations while implementing reforms that ensure long-term financial stability.
The minister also revealed that the government is finalizing the release of third-party non-statutory deductions and pension remittances to NUPEMCO, expected to be completed in the coming days.
