By After more than 16 years of stalled negotiations and recurring industrial disputes, the Federal Government of Nigeria has formally approved a 40 per cent salary increase for academic staff in federal universities.
The new agreement comes with improved pensions, a new funding framework, and the introduction of a Professorial Head Allowance for the first time.
The Minister of Education, Dr Tunji Alausa, disclosed this at the unveiling of the agreements between the Federal Government of Nigeria and the Academic Staff Union of Universities (ASUU) in Abuja yesterday.
The minister identified key provisions of the new federal agreement to include a 40 per cent salary increase as part of efforts to improve welfare and address long-standing remuneration concerns, and an improved pension structure where professors will now retire at the age of 70 with pensions equivalent to their final annual salary.
reports that the agreement also introduces a new funding structure with dedicated allocations for research, laboratories, libraries, equipment, infrastructure development, and staff training.
