President Buhari graciously approves N22.68billion and N20billion as retirement benefits of ex-workers of the Nigerian Airways and ASUU's request for public university revitalization: Finance Minister
President Muhammadu Buhari has graciously approved the immediate release of N22.68billion and N20billion as retirement benefits of ex-workers of the Nigeria Airways limited and ASUU's request for revitalization fund of public universities. Regarding the settlement of the outstanding retirement benefits due to the ex-workers of the Nigeria Airways , the initial submission for their retirement benefits was N78 billion. The amount was verified by relevant stakeholders in line with the condition of service of Nigeria Airways limited in liquidation and other extant rules and regulations. At the end of verification, N45 billion was agreed as total retirement benefits of affected staff. Regarding the funding measures for the revitalization of public universities , you may recalled that ASUU signed a Memorandum of understanding with the Federal Government sometimes in 2013 on the terms and conditions on which the Government would improve funding for staff welfar...