ASUU, FG Are Beginning To Agree – Senate Committee

ASUU, JAMB Act, amendmentThe Senate says some agreement have been reached between the Nigerian government and the Academic Staff Union of Universities, ASUU on some of their issues except one which borders on the earned allowances of lecturers.

This was made known by the Senate committee set up by the Senate President Bukola Saraki to address the industrial crisis embarked on by ASUU.

The Chairman Senate Committee on Tertiary Education, Senator Jibrin Barau, spoke after a meeting that commenced about 12 noon and ended around 8PM.

He said that the academic union were going to make consultations with their members on the way forward and that the upper house was hopeful that they would return with good news.

ASUU embarked on the strike to protest the failure of the Federal Government to implement terms of the 2009 and 2013 agreements.

The ASUU Chairman for the University of Lagos, (UNILAG), Mr Adelaja Odukoya, explained the reasons for their decision to Channels Television.

He said the Federal Government had failed to deliver on its 2009 Agreement and 2013 MoU.

According to him, the government is owing over 800 billion Naira, funds which he said were meant to upgrade the university system, in attempts to make them globally competitive.

In a meeting of the Senate President with ASUU officials in Abuja, the Chairman of ASUU, University Of Uyo Chapter, Dr Aniekan Brown, told Channels Television that she was glad that the industrial action had enjoyed 100% compliance in line with the directive.

She also said that the strike was “informed by the inability of the federal government to honor the agreement reached with ASUU on a number of issues, which you already know.

“The most important, being that the public universities are still underfunded.”

President Muhammadu Buhari recently appealed to union of Nigerian university lecturers to give government more time to sort out the shortfalls in salary payment and other related issues affecting the education sector.

President Buhari made the plea at an event at the University of Ibadan.

Govt. Is Ready To Revamp Education Sector, Buhari Begs ASUU

Govt. Is Ready To Revamp Education Sector, Buhari Begs ASUUPresident Muhammadu Buhari has appealed to the Academic Staff Union of Universities (ASUU) to give government more time to sort out the shortfalls in salary payment and other related issues affecting the education sector.

President Buhari made the plea as the visitor at the grand finale of the 68th Founders’ Day and convocation ceremony of the University of Ibadan which took place at the International Conference Center, Ibadan.

Represented by the Director, Tertiary Education at the Federal Ministry of Education, Mrs. Fatimah Ahmad, President Buhari decried the standard of education which has left a vast majority of the people poorly educated.

Describing the trend as unhealthy and saddening, the President reiterated his administration’s commitment to revamping the sector.

Mrs Ahmad added that government was in dialogue with the affected unions and would continue to explore means of amicable resolutions.

A total of 442 graduates bagged doctorate degrees in various fields while three eminent Nigerians including business mogul, Aliko Dangote; writer and poet, Prof. Niyi Osundare and Ibadan businessman, Bode Amao were conferred with honorary degrees of the prestigious institution.

Buffett Says He Won’t Sell Shares Of IBM: CNBC

Berkshire Hathaway chairman and chief executive Warren Buffett said that he would not sell shares of IBM Corp., even as the company missed earnings expectations last month.

“I won’t be a seller of IBM,” Buffett told cable television network CNBC ahead of Berkshire’s annual shareholder meeting, which will begin May 4 in Omaha, Nebraska.

Buffett also said he did not buy more shares of IBM following the company’s disappointing earnings results, which led to an 8 percent drop in the company’s shares a day later.

Buffett added that he may buy more shares in IBM “from time to time,” but that he neither bought nor sold shares after the company’s quarterly earnings miss. He said that he “may have added a little bit” to Berkshire’s stake in the company in the first quarter.

Buffett also told CNBC that he is “100 percent” in favor of JPMorgan Chase chairman and chief executive Jamie Dimon maintaining both roles at the bank. Dimon faces a shareholder vote this month at JPMorgan’s annual meeting that could push the board to strip him of his chairman’s role.