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N1.1trn Revitalisation Fund No Longer Applicable To Economic Reality -ASUU

The Academic Staff Union of Universities (ASUU) has described the N1.1trillion outstanding revitalisation fund for the nation’s universities as no longer applicable going by the current economic realities.
The Chairman of the Ebonyi State University chapter of the union, Dr. Ikechukwu Igwenyi, made this statement, yesterday, while addressing newsmen in Abakaliki, the Ebonyi State capital.
Igwenyi, who noted that the revitalisation fund did not match with the hitherto pact the union entered with the authorities in 2009, urged the union’s national leadership to go back to the drawing board and review the 2009 agreement it entered with the Federal Government.
The union leader said it was expedient for leaders to pay critical attention to the merits of ASUU’s position on tertiary education as he lamented that the government was paying lip-service to the demands of the union.
He said, “ASUU, as a thinking union of intellectuals, is not realistic in this current struggle and there is need for the union to call for the review of the negotiated 2009 FG/ASUU agreement to ascertain possible performance rate and the expected outcomes.
“It is considered that the 2009 FGN/ASUU agreement is not only out of date and obsolete, but unrealistic today, if truth must be told, because of the time value of money over 13 years of this negotiation.
“It is a fact that a people that take no interest in what seems small, will definitely take false interest in what is big. The fact is also that Nigerian leaders set wrong priorities and are not paying due attention to the demands of ASUU in this imbroglio but rather join the unpatriotic gladiators that have no interest in nation building through quality education of Nigerians because their children are not attending schools here in Nigeria.
“It is a clear testimony of irresponsibility with the recent vituperations from some highly placed individuals in government and the idea of taking ASUU to court.
“Rather than look critically into the merits in ASUU position on tertiary education, leaders tell Nigerians that university education is not for everyone; ASUU fixes salary of members; there is no money to meet ASUU’s demands; the government will take ASUU to National Industrial Court; students should take ASUU to court; etcetera. What a people!
“No nation can develop beyond the level of education of her people and by extension, beyond the capacities and capabilities of their tertiary institutions. If the youths who are the future leaders and trustees of posterity are trained in institutions with low-grade resources and manpower, where lecturers are subjected to dehumanising treatments, all manner of cruelty without consideration to human dignity, threats to job security and salaries, emotional trauma, mental torture and psychological mortification of unimaginable proportion in a developing nation, how can such a system perform maximally?”
It added, “ASUU, therefore, is not realistic, because rather than calling for a review of the renegotiated agreement in the context of the current economic realities of dollar to naira ratio, they are asking for the release of funds negotiated in 2009, when a dollar was less than ¦ 150 as compared to present day reality rating of dollar to naira ratio of about ¦ 700.
“This implies that ASUU should be asking for about ¦ 5trillion for the revitalisation of public universities in this current and prevailing economic dispensation.
The about ¦ 1.1trillion outstanding revitalisation fund cannot achieve the same objectives as prices of items like cement, rods, wood for furniture, reagents, and chemicals, equipment and stationeries, books and subscriptions, utility vehicles, fuel for generators and other consumables are no longer in tandem with the economic equivalents of same items 13 years ago.
“There is a need to review all the agreements upwards in terms of proportional inflation, currency devaluation, and today’s equivalent of the 13 years old negotiation as part of the renegotiation rather than demanding for the release of funds that cannot meet up with its purpose now because ASUU would be blamed in future for the failure of the system to achieve the purpose of these struggles.
“It is for this same reason that ASUU is demanding for the release of the White Paper on the Visitation Panel Reports to assess the level of success or failure rate so far recorded in the funding for revitalisation of public universities.”
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RSG Commits To Workers’ Welfare …. Calls For Sustained Govt, Labour Partnership

The Administrator of Rivers State, Retired Vice Admiral Ibok-Ete Ekwe Ibas, has assured the commitment of Rivers State government to workers’s welfare and industrial harmony in Rivers State.
The Sole Administrator gave the assurance after meeting with leadership of organized labour unions at the Government House, Port Harcourt on Wednesday.
Ibas reaffirmed government’s policy of prompt payment of salaries and pensions to workers and retirees, stating that all local government employees are not receiving the approved minimum wage.
He disclosed that approval has been given for payment of newly employed staff at Rivers State University Teaching Hospital and the Judiciary, while medical workers in Local Government Areas will now receive correct wages.
Ibas explained that, Government is reviewing implementation challenges of the Contributory Pension Scheme ahead of the July 2025 deadline, adding that Intervention buses have been reintroduced to ease workers’ transportation ,with plans to expand the fleet.
He said specialized leadership training for top civil servants will commence within two weeks, while due consideration is being given to implementing the N32,000 consequential adjustment for pensioners and clearing outstanding gratuities.
Ibas commended Rivers State workers for their dedication to service and called for sustained partnership with labour unions to maintain industrial peace.
“This administration recognizes workers as critical partners in development. We remain committed to addressing your legitimate concerns within available resources,” he stated.
The State NLC Chairman, Comrade Alex Agwanwor, thanked the Administrator for the steps taken so far with regard to workers welfare while appreciating his disposition towards alleviating the transportation problem faced by workers.
He also expressed appreciation for the government’s openness to dialogue and pledged continued cooperation towards achieving mutual goals.
The Rivers State Government assured all workers of its unwavering commitment to their welfare and called for continued dedication to service delivery for the collective progress of our dear State.
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Labour Unions In Rivers Call For Improved Standard Living For Workers

The Nigeria Labour Congress (NLC), Rivers Council, has called for policies that will improve the economic situation of the country in order to ensure enhanced living standard for workers.
The State Chairman, Mr Alex Agwanwor, made the remark on behalf of the unions affiliated to Labour Congress during the 2025 workers day celebration in Port Harcourt, yesterday.
Agwanwor highlighted the demands of the Unions which included the immediate payment of pension arrears, implementation of the N32,000 minimum wage for pensioners, and payment of gratuities and death benefits without further delay.
“We are calling for the regulation and protection of e-hailing drivers, implementation of increments and promotions, and resolution of long-standing issues in the polytechnic sector,” he said.
Agwanwor on behalf of the unions appealed to President Bola Tinubu to reinstate the democratically elected Governor, Deputy Governor, and members of the Rivers State House of Assembly.
He stressed the importance of democratic governance and good working relationship with elected representatives.
According to him, the unions expressed disappointment over the imposition of taxes, increase in electricity tariff, and high cost of goods and services, which have further worsened the plight of workers.
“We urge the federal government to take measures to alleviate the suffering of citizens,” he said.
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Tinubu committed to unlocking Nigeria’s potential – Shettima

Vice-President Kashim Shettima says President Bola Tinubu is committed to unlocking Nigeria’s full potential and position the country as a leading force on the African continent.
Shettima stated this when he hosted a delegation from the Hertie School of Governance, Berlin, led by its Senior Fellow, Dr Rolf Alter, at the Presidential Villa in Abuja last Wednesday.
He said Nigeria was actively seeking expertise from the global best institutions to enhance policy formulation and implementation, particularly in human capital development.
The Vice-President noted that President Tinubu was determined to elevate Nigeria to its rightful position as a leading force in Africa.
“The current crop of leadership in Nigeria under President Bola Ahmed Tinubu is ready and willing to unleash the full potential of the Nigerian nation on the African continent.
” We are laying the groundwork through strategic reforms, and at the heart of it, is human capital development.”
He described the Hertie School as a valuable partner in the journey.
According to him, Hertie School of Governance, Berlin, has track record and institutional knowledge to add value to our policy formulation and delivery, especially in this disruptive age.
Shettima reiterated the government’s priority on upskilling Nigerians, saying ” skills are very important, and with our Human Capital Development (HCD) 2.0 programme.
“We are in a position to unleash the full potential of the Nigerian people by enhancing their capital skills.”
The Vice-President acknowledged the vital support of international development partners in that effort.
” I want to thank the World Bank, the European Union, the Bill and Melinda Gates Foundation, and all our partners in that drive to add value to the Nigerian nation,” he maintained.
The Vice-President said human capital development was both an economic imperative and a social necessity.
Shettima assured the delegation of the government’s readiness to deepen cooperation.
” We need the skills and the capacity from your school. The world is now knowledge-driven.
“I wish to implore you to have a very warm and robust partnership with the government and people of Nigeria.”
Shettima further explained recent economic decisions of the government, including fuel subsidy removal and foreign exchange reforms.
“The removal of fuel subsidy, the unification of the exchange rate regime and the revolution in the energy sector are all painful processes, but at the end of the day, the Nigerian people will laugh last.
“President Tinubu is a very modern leader who is willing to take far-reaching, courageous decisions to reposition the Nigerian economy,” he added.
Earlier, Alter, congratulated the Tinubu administration for the successful launch and implementation of the Human Capital Development (HCD) strategy.
The group leader described the development as ambitious and targeted towards the improvement of the lives of the citizens.
He expressed satisfaction with the outcome of his engagements since arriving in the country.
He applauded the zeal, commitment, energy and goodwill observed among stakeholders in the implementation of Nigeria’s HCD programme.
Alter said the Hertie School of Governance would work closely with authorities in Nigeria across different levels to deliver programmes specifically designed to address the unique needs of the country.
He, however, stressed the need for government officials at different levels to be agile and amenable to the dynamics of the evolving world, particularly as Nigeria attempted to successfully accelerate its human capital development aspirations.
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