The Academic Staff Union of Universities (ASUU) has agreed to call of its eight-month strike.
However, the date for the calling off of the strike has not been announced.
The union had in March embarked on an indefinite strike to press home its demand for more funding for public universities as well as the unacceptablility of the salary payment platform proposed by the Federal Government.
The union leadership reached the consensus during a meeting with the government team led by the Minister of Labour and Employment, Dr. Chris Ngige, in Abuja, on Friday.
The government pledged to pay N40 billion as the Earned Allowance and N30bn for the revitalisation of the university system making the total payment N70 billion.
The FG also agreed to settle the arrears of salaries of the lecturers before December 31.
ASUU is expected to report the agreement to its organs and then communicate their decision to the government after which a date for the calling off of the strike would be announced.
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The PUNCH quoted an unnamed source as saying that ASUU insisted that the agreement should not be announced until it has been approved by its members.
Speaking with journalists after the meeting, Ngige described it as fruitful, adding that the government made a proposal to ASUU which it would take back to its members.
“Many issues were discussed at the meeting including salary shortfall, the payment system and revitalisation of the university system. I am positive that all the issues would be resolved at our next meeting,” he said.
The ASUU President, Prof Biodun Ogunyemi, concurred with everything Ngige said and refused to make further comments.