The Federal Government and members of the Academic Staff Union of Universities (ASUU) finally reached an agreement after a meeting in Abuja on Monday, 7 January.
The Minister of Labour and Employment, Chris Ngige, while speaking with the journalists on Monday evening after the meeting with the striking lecturers said the majority of their demands have been met including the release of N15.4 billion for payment of salary shortfalls.
He added that the Federal Government is also in the process of releasing another N20 billion for payment of earned allowances for university lecturers.
Professor Biodun Ogunyemi, the ASUU President, said that based on the new commitment by the government, the National Executive Committee of the union will review their decisions and will announce its position on the ongoing strike action after the ASUU leadership meeting.
The ASUU strike have last up to 2month for inability of the federal government to meet their needs and fulfill their promises.