This was according to a statement signed by the Director, Press and Public Relations, Ministry of Education, Folasade Boriowo, stating that the funds were released through the office of the Accountant-General of the Federation.

“A total of ₦2.311 billion, representing Batch 8 salary and promotion arrears, has been released through the Office of the Accountant-General of the Federation to universities. Benefiting institutions should begin to receive payment alerts anytime from now.”

He further disclosed that the Federal Government, through the Ministry of Finance and the OAGF, is finalising the release of third-party non-statutory deductions and pension remittances to Nigerian University Pension Management (NUPEMCO), expected to be completed in the coming days.

The Minister of Education, Maruf Alausa, while providing updates on ongoing engagements with ASUU and other tertiary institution unions, stated that President Bola Tinubu remains resolute in his determination to resolve all lingering welfare and funding issues in a transparent, fair, and sustainable manner.

He added that the government has approved the full mainstreaming of the Earned Academic Allowance (EAA) into university staff salaries beginning from 2026, noting that this will ensure prompt, predictable, and sustainable payments going forward.

In addition, funds have been released under the Needs Assessment of Nigerian Universities, with corresponding budgetary provisions made to sustain the initiative.

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He commended President Tinubu for his unwavering dedication to the education sector, noting that several challenges that had persisted for decades are now being tackled decisively under his administration.

The Minister expressed optimism that the current wave of reforms and fiscal interventions will usher in lasting industrial harmony, restore confidence in Nigeria’s tertiary education system, and strengthen institutional capacity for national development.

Source: Channels