The Federal Government has agreed to release N30bn earned academic allowance to the university lecturers.
The money will be paid in tranches between May 2021 and February 2022.
It was gathered that the Federal Government also promised to spend N20bn on the revitalization of the education sector as part of concessions meant to end the seven-month strike declared by the Academic Staff Union of Universities.
These were part of the agreements reached during the ongoing meeting between the FG and ASUU leadership.
Speaking earlier before going into a closed-door session, the Minister of Labour and Employment, Chris Ngige, said students were being recruited into the #EndSARS protests following the closure of universities occasioned by the ASUU strike.
He expressed the hope that ASUU would call off the strike soon, noting that the government had been finding ways to end the seven-month strike.