By Jemimah Wellington, JKNewsMedia Correspondent
NEW ANNUAL allowances for senior lecturers in Nigerian universities have received Federal Government (FG) approval, with full time professors set to earn an additional N1.8m and full-time readers N870,000.
The FG described the benefit as a professorial cadre allowance and confirmed that it applies only to academics currently holding the ranks of Professor and Reader.
Minister of State for Education, Dr Tunji Alausa, disclosed the approval on Wednesday in Abuja during the formal presentation of the renegotiated agreement between the FG and the Academic Staff Union of Universities (ASUU).
Alausa said the allowance is structured as a yearly entitlement rather than a monthly payment and is limited to lecturers within the professorial and readership cadres to sustain the 40% salary increase granted to them across all our institutions, in addition to the nine enhanced Earned Academic Allowances (EAA).
“These are now clearly defined and well-structured as this government is committed to improving the welfare of our academic workforce,” Alausa said.
“We listened, we engaged, and today we are delivering significant progress.”
The Minister stated that the decision followed engagements with ASUU and forms part of agreements reached between the union and the Federal Government.
He confirmed that the approved figures stand at N1.8m annually for full time professors and N870,000 annually for full time readers across Nigerian universities.
As soon as Landlords hear this, wahala go sele! Market women and men are not left out. Galloping Inflation galore will be the result soon. We just pray we are not compared with Zimbabwe and Venezuela of years past. Unless Federal Government is sincere to control Landlords and market women and men or traders, reality will soon dawn upon us when galloping inflation starts in earnest.
Your points are quite valid, yet these policies and decisions must happen and reported. Thanks for reading JKNewsMedia and for your support to our growth. We keep praying for Nigeria.