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Tag: ASUU

2023 budget: ASUU threatens strike over unreleased N170bn
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2023 budget: ASUU threatens strike over unreleased N170bn

The Academic Staff Union of Universities has cautioned that it might consider another industrial action if the federal government fails to release the N170 billion earmarked in the 2023 budget for university revitalization and address other critical concerns. In a press briefing in Lagos over the weekend, Prof. Adelaja Odukoya, the ASUU Coordinator for the […]

Tax experts oppose ASUU’s proposed10% education tax
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Tax experts oppose ASUU’s proposed 10% education tax

The Academic Staff Union of Universities’ proposal to raise the tertiary education levy from three percent to ten percent has been criticized by tax experts. They argued that following this course would harm private businesses, which are already burdened with taxes. To pay for the facilities of Nigeria’s institutions, ASUU President Prof. Emmanuel Osedeke recently […]

Trapped funds: CBN to give foreign airlines $150m
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Nigerians spend $221m on overseas education in three months –CBN report

An analysis of data obtained from the Central Bank of Nigeria showed that Nigerians spent at least $220.86 million on foreign education between December 2021 and February 2022. This is according to the CBN data on the amount spent on educational service under the sectoral utilisation for transactions valid for foreign exchange for December 2021 […]