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We have Universities’ N200b cash - CBN


The Central Bank of Nigeria (CBN) has written to the Accountant-General of the Federation, confirming the execution of the N200 billion in the Revitalisation of Universities Infrastructure Account.

The confirmation was conveyed through a memo to the Accountant General, dated December 10.

A copy of the memo, signed by CBN’s Deputy Governor (Operations), Tunde Lemo, was circulated by the Senior Special Assistant to the President on Public Affairs, Dr. Doyin Okupe yesterday.

Lemo’s memo said: “I write to confirm the execution of the following mandates by the Central Bank of Nigeria for funding of the above mentioned accounts.

“I wish to further confirm that the available balance in the aforementioned account is N200, 000, 000, 000 (Two Hundred Billion Naira only).”

Okupe, who addressed reporters yesterday, said with the execution of the mandates, the strike has lost its legitimacy.

The spokesman maintained that President Goodluck Jonathan is fully committed to the implementation of the agreements reached with ASUU leadership.

He added that a Needs Assessment Implementation Committee, which has ASUU representatives on board, would be inaugurated today to fast track the utilization of the released funds and tackle infrastructural deficiency in the university system.

The President’s aide said: “Government has received a number of representations from eminent Nigerians and stakeholders on the need to temper justice with mercy regarding the ultimatum issued to the striking lecturers.

“Government appreciates the fact that some universities have either resumed academic activities or announced resumption dates in line with the directives earlier issued by the Committee of Pro Chancellors.

“Now that evidence has been provided as to the availability of N200 billion for immediate disbursement to universities, we expect that ASUU will call off this strike so that normalcy will fully return to our campuses.

“Government does not intend to victimise anyone who participates in a legitimate strike action.”

Okupe assured ASUU on its three other demands, saying the government has no reason to reject the conditions.

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