The Academic Staff Union of Universities (ASUU) on Friday agreed to call off their eight-month-old strike.
The decision was reached during a meeting in Abuja between the union and the federal government delegation led by the Minister of Labour and Employment, Dr. Chris Ngige.
Based on agreements between the two parties, the government also promised to increase the total payment to the union to N70 billion.
The government stated that it would pay N40 billion as the Earned Allowance and N30bn for the revitalization of the university system to bring the total to N70 billion.
The FG further agreed to settle the arrears of salaries of the lecturers before December 4.