Skip to content
October 29, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Political Economist

Political Economist

A liberal News reporting Politics, Sports, Business, Commentaries

  • Home
  • National News
    • Metro News
      • metro
    • Society
    • Crime and Justice
  • Special Reports
    • Investigation
    • Features
    • Interviews
  • Opinion
    • Commentaries
    • Perspectives
  • Press Releases
  • International News
  • Business & Economy
  • Politics
Watch Online
  • Home
  • National News
  • Pay us our N128bn allowances or else, ASUU tells FG
  • National News

Pay us our N128bn allowances or else, ASUU tells FG

Admin March 29, 2017

ASUU President, Professor Biodun Ogunyemi

Another strike by the Academic Staff Union of Universities (ASUU),  is around the corner over non-payment of N128 billion arrears of allowances.

The ASUU National President, Prof. Biodun Ogunyemi, has therefore urged the Federal Government to pay up before July this year. He said this during a news conference at the University of Abuja on Wednesday.

Ogunyemi said that ASUU insisted on a framework for paying any part of the “Earned Academic Allowances” (EAA) arrears.

According to him, the Federal Government is owing academics in federal universities unpaid allowances of not less than N128 billion.

He explained that the executive arm of government initially insisted that there would be no further release of funds to the universities until there was a forensic audit.

“In view of this, the union rose from its NEC meeting at the Bayero University Kano observing that the particular issue of EAA cannot be meaningfully addressed unless within an agreed framework.

“Hence the National Executive Council (NEC) of ASUU resolved that all outstanding arrears of EAA should be paid not later than July 2017.

“The decision of ASUU-NEC on the issue of EAA has since been communicated to the Minister of Education, Senate President and the Chairman, Senate Committee on Tertiary Institutions and TETFund,’’ he said.

The president also observed the non-release of the Operational Licensing of Nigerian Universities Pension Management Company (NUPEMCO).

Ogunyemi noted that the company had met the minimum requirements for registration as Pension Fund Administrator (PFA).

He said that the failure of PENCOM to release the operational license of NUPEMCO as a PFA had created the feeling of insecurity and loss of confidence among retirees in the system.

“The non-release of NUPEMCO’s operational license in an arm-twisting tactic to frustrate our members and forcefully get them enlisted into some Pension-Fund Administrators (PFAs).

“The PFA cartel appears determined to abort the process of NUPEMCO licensing which started more than four years ago.”

He, however, insisted that such was unacceptable to ASUU, saying “it is against the right to choice”.

The president noted that the 2013 MoU signed with the Federal Government on Funding for the Revitalisation of public universities had not been released as agreed.

“The MoU stipulates that N200 billion would be released in 2013 for massive injection of funds to reposition Nigerian public universities for global competition.

“Thereafter, N220 billion is to be released for subsequent five years, adding up to N1.3 trillion by 2018, not a single kobo has been released up till date.”

  • Facebook
  • Share on X
  • LinkedIn
  • WhatsApp
  • Email
  • Copy Link
Tags: mainnews mainnews2 newsbar newsticker recommended

Post navigation

Previous Senate suspends Ali Ndume for six months
Next NPFL: Remo Stars hold Rangers; Gombe United share honour with ABS in Ilorin

Related Stories

High Energy Costs Stifle Industrial Growth as Nigerian Manufacturers Spend N1.35 Trillion on Alternative Power National grid collapse
  • National News

High Energy Costs Stifle Industrial Growth as Nigerian Manufacturers Spend N1.35 Trillion on Alternative Power

October 28, 2026
Nigeria, U.S. Inaugurate Strategic Solid Minerals Committee as Alake Debunks $700bn Asset Sale Claims
  • National News

Nigeria, U.S. Inaugurate Strategic Solid Minerals Committee as Alake Debunks $700bn Asset Sale Claims

October 28, 2026
TUC rejects FG’s N70,000 transport allowance, demands salary hike
  • National News

TUC rejects FG’s N70,000 transport allowance, demands salary hike

October 28, 2026
logo

Political Economist is a liberal news magazine with global affiliations.

At Political Economist, we promote free enterprise and act as a catalyst for the growth of knowledge economy. We are proudly pan-Nigeria yet richly spiced with African and global news. We offer a fair and balanced news reportage presented by our team of well-heeled professional journalists. <

About us

  • 5 Olutosin Ajayi Street, By CPM Church, Ajao Estate, Lagos State, Nigeria
  • +234 805 680 1124
  • info@politicaleconomistng.com

Follow

Subscribe to notifications

You may have missed

High Energy Costs Stifle Industrial Growth as Nigerian Manufacturers Spend N1.35 Trillion on Alternative Power National grid collapse
  • National News

High Energy Costs Stifle Industrial Growth as Nigerian Manufacturers Spend N1.35 Trillion on Alternative Power

October 28, 2026
Nigeria, U.S. Inaugurate Strategic Solid Minerals Committee as Alake Debunks $700bn Asset Sale Claims
  • National News

Nigeria, U.S. Inaugurate Strategic Solid Minerals Committee as Alake Debunks $700bn Asset Sale Claims

October 28, 2026
Only 59% of Nigerian Financial Institutions Ready for 2027 Local Data Storage Deadline Malicious
  • Business & Economy

Only 59% of Nigerian Financial Institutions Ready for 2027 Local Data Storage Deadline

October 28, 2026
TUC rejects FG’s N70,000 transport allowance, demands salary hike
  • National News

TUC rejects FG’s N70,000 transport allowance, demands salary hike

October 28, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Copyright © All rights reserved. | DarkNews by AF themes.