Details of theÂ Monday/ Tuesday marathon meeting between President Goodluck Jonathan and the leadership of Academic Staff UnionÂ ofÂ Universities have begun to emerge.
The PUNCHÂ gathered on Tuesday evening that a key component of the agreement reached by the parties wasÂ that the Federal GovernmentÂ wouldÂ inject N1.1tn into public universities in the next five years.
A reliable source, who made this known, also hinted that the strike would be called off anytime next week.
HeÂ said the government team which was led by President Goodluck Jonathan would releaseÂ Â N220bn yearly into the sector beginning from 2014.
The source added, â€œThe meeting should be the longest that we have ever had on this crisis but I can tell you that both parties were frank all through the discussions.
â€œThe parties also showed commitment towards ending the crisis. The President in particular showed that he was serious about ending the strike and that was why he offered to release over N1tn to the universities in the next five years.
â€œThe money will be released on a yearly basis at N220bn per annum beginning from 2014. For the outgoing year, theÂ government will only release N100bn and this has been processed.â€
He said that the government, in order to show its commitment to a fresh pact, accepted that â€œthe fund(N1.1tn) shouldÂ Â domiciled at the Central BankÂ of Nigeriaâ€
â€œTheÂ money will be released on a quarterly basis to the universities. So, there wonâ€™t be any problem about funding the deal,â€ the source said.
The National Universities Commission and the Trade Union Congress, according to him, willÂ Â Â be theÂ joint guarantorsÂ ofÂ theÂ agreement while the Minister of Education willÂ be the implementation officer.
The source also saidÂ that the governmentÂ Â agreed among other things, to revamp the public universities by ensuring that all those issues that always led to strike were dealt with once and for all.
It wasÂ learnt that the negotiating team of ASUUÂ led byÂ Dr. Nassir Faggae met on Tuesday night to furtherÂ deliberate on theÂ deal.
Though the details of the meetingÂ wereÂ not known as of 11.22pm on Tuesday,Â it was gathered that ASUU might call a National Executive Council meeting on or before Saturday where theÂ Â deal would be tabledÂ beforeÂ all itsÂ branch executives.
Jonathan hadÂ whileÂ shaking hands with Fagge afterÂ the marathonÂ meetingÂ in the Presidential Villa, AbujaÂ Â said, â€œMy President, I hope it (strike) will end today(Tuesday). Our children have suffered enough. We must find a solution.â€
All those in attendance responded with a loud â€œAmen.â€
When greeting Omar, heÂ said, â€œMy President with you around, there will be no problem; our agreement is signed, sealed and delivered.â€.