Home News BREAKING: FG Provides N470bn For Upward Adjustment Of Lecturers’ Salaries
News

BREAKING: FG Provides N470bn For Upward Adjustment Of Lecturers’ Salaries

Share
BREAKING: FG Provides N470bn For Upward Adjustment Of Lecturers’ Salaries | Daily Report Nigeria
Share

The Federal Government on Wednesday disclosed that it has provided N470 billion Special Fund in the 2023 budget for university revitalisation and upward adjustment of lecturers’ salaries.

The Minister of Finance, Zainab Ahmed disclosed this during a press briefing in Abuja.

She explained that the N470bn was provided in the allocation to education for upward adjustment of salaries for university lecturers and revitalization of universities.

According to the minister, the sum of N300bn is for university revitalisation and N170bn for upward adjustments of the university lecturers’ salaries.

Speaking further she said that the draft 2023 budget was been prepared on the background of international challenges such as the Russia-Ukraine war and the COVID-19 pandemic.

Adding that revenue generation has been a major challenge to national development in the country.

Speaking on the allocations for critical sectors she stated that the sum of 2.05 trillion Naira was allocated to education and 1.58 trillion Naira to health.

READ ALSO: Army Chief Flags Off Three Joint Security Outfits to Curb Crime ☞

She also added that 2.74 trillion naira is allocated to defence and security, infrastructure got 998.9 billion Naira while social development and poverty reduction has 756 billion Naira.

Daily Report Nigeria recalls that the Academic Staff Union of Universities (ASUU) recently suspended its eight-month strike over the upward review of lecturers’ welfare, amongst others.

Share

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles
Saudi Arabia suspends visa for Nigeria, Egypt, 12 other countries | Daily Report Nigeria
News

Saudi Arabia suspends visa for Nigeria, Egypt, 12 other countries

Saudi Arabia has announced a temporary suspension on issuing new short-term visas...

BREAKING: Protesters Storm Streets In Abuja, Lagos | Daily Report Nigeria
News

BREAKING: Protesters Storm Streets In Abuja, Lagos

A planned protest by the “Take it Back Movement” coincided with National...

Plateau Killings: ACF Demands State of Security | Daily Report Nigeria
News

Plateau Killings: ACF Demands State of Security

The Arewa Consultative Forum (ACF) has demanded a state of security emergency...

Police Warn Against Take It Back Movement's April 7 Nationwide Protest
News

Police Warn Against Take It Back Movement’s April 7 Nationwide Protest

The Nigeria Police Force has warned the Take it Back Movement to...