Federal Government is set to release the sharing formula for the N220bn 2014 funding for universities by month end.
Our correspondent gathered on Friday in Abuja that the Implementation Monitoring Committee had already worked out a theory to exclude some state universities from the list of the benefiting institutions.
The Federal Government had promised to inject N220bn annually into the universities for the next five years based on NEEDS Assessment Report.
This was contained in the Memorandum of Understanding signed with the Academic Staff Union of Universities in December to end the almost six months strike by the public universities lecturers.
The money is meant for renewal of infrastructures, capacity building for lecturers and learning resources.
On the day the union announced the suspension of the strike, the Secretary to the Government of the Federation, Sen. Anyim Pius Anyim commissioned the Implementation Monitoring Committee.
Minister of Education, Nyesom Wike, however, further subdivided the committee into two subcommittees of allocation and logistics.
The IMC, it was learnt, had raised concerns that some states had two owned universities and expected the Federal Government to fund them for their political gains.
A top member of the committee who spoke with our correspondent in confidence on Friday said, “The committee is working out the sharing formula between Federal and state universities.”
Justifying why the committee will recommend unparalleled sharing formula for the Federal and the state-owned universities, he said, “This money is coming out of Federal Government own share of the federation account which does not include the state.
Copyright PUNCH.
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