Minister of Education, Malam Adamu Adamu has said the Federal Government is considering an upward review of the salary of tertiary institutions’ lecturers to 23.5 per cent.
The minister said salaries of professors would also be reviewed by 35 per cent.
Adamu disclosed this on Tuesday in Abuja when he presented the position paper of the government during a meeting between the Federal Government, Vice-Chancellors and Pro-Chancellors of Nigerian public universities.
Adamu said that President Muhammadu Buhari had warned against signing agreements which the government would not be able to meet.
“The Federal Government can only afford a 23.5 per cent salary increase for all category of the workforce in federal universities, except for the professorial cadre which will enjoy a 35 per cent upward review.
“A sum of N150 billion shall be provided for in the 2023 budget as funds for the revitalisation of federal universities, to be disbursed to the institutions in the first quarter of the year.
“Also a sum of N50 billion shall be provided for in the 2023 Budget for the payment of outstanding areas of earned academic allowances, to be paid in the first quarter of 2023,” he said.