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We can’t afford N110bn ASUU demand for varsities – FG
- Again ASUU-FG meeting ends in deadlock
Contrary to the impression given by the government that an end to the prolonged strike by university lecturers was at sight, a meeting held to resolve all lingering issues on Wednesday ended in a deadlock.
Specifically, the meeting attended by representatives of the Federal Government and those of the Academic Staff Union of Universities, was over the poor funding of Universities and the controversy surrounding the Integrated Payroll and Personnel Information System payment platform.
Minister of Labour and Employment, Dr Chris Ngige, told journalists after the meeting that the government could not meet the N110bn demand of ASUU for university revitalisation because of the damaging effects of COVID-19 on the economy.
According to him, the Federal Government has offered the union N20bn for revitalisation and N30bn for Earned Academic Allowances, making a total of N50bn as a show of its commitment towards ending the strike.
He said, “There are three issues. revitalization fund where government offered ASUU N20bn as a sign of good faith based on the Memorandum of Understanding (MOU) they entered into in 2013 as a result of the renegotiation they had with government in 2009. This present government is still committed to it. That is why we are giving them offers of some fund.”
He also said, “This government is not against revitalization but this government says that because of dire economic situation and COVID-19, we cannot really pay the N110bn which they are demanding for revitalization.
“We offered N20bn as revitalization fund. On Earned Academic Allowances (EAA), the government offered N30bn to all the unions in the universities, making it N50bn all together.
“ASUU is saying that the N30bn should be for lecturers alone, irrespective of the fact that there are three other unions. So there is a little problem there. We don’t have any money to offer apart from this N30bn.
“Again, another cardinal issue is the University Transperancy and Accountability Solution (UTAS) versus IPPIS. Today ASUU submitted their document on UTAS for onward submission to National Information Technology Development Agency (NITDA). As you know last week, the Minister of Communication and Digital Economy had approved that NITDA gets their system (UTAS) and subject it to integrity test. This test should be conducted without fear or favour and as early as possible. So today they have submitted the document for onward transmission to NITDA.”
Ngige explained that the transition period and how to disburse the Earned Academic Allowances and other entitlements remained unresolved as ASUU wanted an exemption from the IPPIS whereas the government team led by the Accountant General of the Federation insisted on the IPPIS, being the only government approved payment platform.
He said, “So that is where we are for now. So we are all going back to our principals and they will receive via me the irreducible minimum of what federal government has to offer.”
The two teams agreed to reconvene on Friday November 6.
News
Yahaya Bello govt spending third term in office through Ododo – Clark
Yahaya Bello govt spending third term in office through Ododo – Clark
Elder statesman, Chief Edwin Clark, says the former Kogi State Governor, Yahaya Bello, administration was nothing to write home about.
This is even as he asked the embattled former governor to surrender himself to the authorities.
Bello has been in the news for days on end over money laundering and financial impropriety.
He was declared wanted after he evaded the economic and financial crimes commission (EFCC) who had stormed his Abuja residence to apprehend him.
Speaking on Bello’s time as the governor of the middle belt state, Clark, who is the leader of the Pan Niger Delta Forum, PANDEF, stated that state sponsored violence, corruption, civilian repression and political killings were rife when Bello was in office.
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Clark also pointed out that Bello is still running the show in Kogi state as he is currently spending third term in power through the incumbent governor, Ododo, who he planted in office.
“Yahaya Bello is just being stubborn. He has been living very very rough…having a very rough government, corruption, killing of people in the place during elections and so on,” Clark said during an interview on Arise TV on Thursday.
“There’s time for everything and it has come for him to answer questions. He should go to court. He should go to court to answer the substance of the case, where did he get the money from?
“Is it true or not that the money he paid to the American school belongs to him or belongs to the government of Kogi State?
“The behaviour of the new Governor shows Yahaya Bello is in power for the third time. Ahmed Ododo is just running after him.
“I just want to plead with Ododo to do the needful so that the youth in this country will have something to fall upon.”
Yahaya Bello govt spending third term in office through Ododo – Clark
News
‘Unfounded accusation’ – Obi slams Umahi over instigation of Igbo against Tinubu claim
‘Unfounded accusation’ – Obi slams Umahi over instigation of Igbo against Tinubu claim
Labour Party presidential candidate in the 2023 general elections, Peter Obi, says he is not in the business of whipping up ethnic sentiments or amplifying Nigeria’s fault lines to gain socio-political mileage.
Obi said this reaction to comment made by the Minister of Works, David Umahi, at an event on Wednesday on the Lagos-Calabar road project.
Obi has been vocal in his criticism of the road project, calling it a misplaced priority as it is not what Nigeria needs at a time of lean resources and plethora of challenges begging for drastic solution.
Umahi while speaking at the event said Obi’s position on the Lagos-Calabar coastal road project amounted to pitting Nigerians of Eastern extraction, who are majorly Igbos, against the government of President Bola Tinubu.
He also accused Obi of demolishing property without compensating those affected when he was Anambra governor, Obi was inciting South Easterners against the government
“When His Excellency Peter Obi was the governor. He made a statement saying, “Any infrastructure that stands in the way of the road must go. And there would be no compensation paid.” That’s what he said,” Umahi said.
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“And I think he’s inciting some of the South-East people that are not well informed. He is inciting them. And gets them into trouble,” he added
Reacting to Umahi’s allegation of divisiveness and sedition in a statement on Wednesday, Obi opined that he is a preacher of peace and advocate of unity who always wants what is best for the country.
Obi, who described criticisms that he is inciting Igbo against Tinubu’s government as baseless, stated that he won’t wallow in the murky water of divisive ethnic politics like many of his contemporaries and opponents do.
He stated, “My focus is on fostering constructive dialogue and inclusivity, rather than engaging in divisive politics, Claims of incitement are baseless distractions. I have always advocated unity and advancement, refusing to partake in reactionary divisive politics.
“I refuse to be reduced to the level of those who wallow in ethnic politics. Worse still, I have never and can never descend so low as to base my political aspirations on any sectional or ethnic interest.”
The former Anambra governor also said there were no comparisons between the demolition he did when he was governor and what the Tinubu-led government was currently doing.
‘Unfounded accusation’ – Obi slams Umahi over instigation of Igbo against Tinubu claim
News
NDIC jacks up deposit insurance cover from N500,000 to N5m
NDIC jacks up deposit insurance cover from N500,000 to N5m
The Nigeria Deposit Insurance Corporation (NDIC) has announced a significant increase in the maximum deposit insurance coverage levels for Deposit Money Banks (DMBs) and other financial institutions, effective immediately.
During a press conference in Abuja on Thursday, NDIC Managing Director Bello Hassan disclosed, “For Deposit Money Banks, the increase of the maximum deposit insurance coverage from N500,000 to N5,000,000, would provide full coverage of 98.98% of the total depositors compared with the current cover of 89.20%. In terms of the value of deposit covered, the revised coverage would increase the value of deposits covered by deposit insurance to 25.37% compared with the current cover of 6.31% of the total value of deposits.”
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Hassan further explained, “The increase of the maximum deposit insurance coverage for primary mortgage banks from N500,000 to N2,000,000 would provide full coverage of 99.99% of the total number of depositors and would increase the value of deposits covered by deposit insurance to 43.10% of the total value deposits from the current cover of 40.60%.”
Additionally, Hassan noted, “The increase of the maximum deposit insurance coverage for subscribers of Mobile Money Operators from N500,000 to N5,000,000 per subscriber.”
NDIC jacks up deposit insurance cover from N500,000 to N5m
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