ASUU says adoption of ‘World Bank , IMF’ prescription’ worsens crisis,

Nigeria Stock Exchange

Nigeria Stock Exchange

The Academic Staff Union of Universities (ASUU) says the national economy has worsened with the application of what it called policies imposed by the International Monetary Fund (IMF) and World Bank, urging President Muhammadu Buhari to urgently tackle the palpable hardship in the land.

It contended that the policies had led to “mass pauperisation and debilitating conditions of living for the majority of Nigerians and breeding of mass suffering in the land.”

Addressing a press conference on the state of the nation and knotty issues troubling ASUU, its Kano Zonal Coordinator, Prof. Mahmoud Lawan, challenged government to address headlong the challenge and falling value of the naira against other foreign currencies.

He demanded proper economic planning and significant reduction in the cost of governance.

“While our colleagues in state universities are being owned salaries for nearly five to eight months, some of these state governments are busy engaged in mindless waste of resources by organising Silver Jubilee jamborees in the name of states created 25 years ago. This is insensitivity, ” Lawan remarked.

On poor funding, he noted that the eight per cent vote for education in the 2016 federal budget was the lowest in the last 23 years, decreasing from the 12 per cent captured in 2015 appropriation.

He contended that the removal and replacement of vice chancellors amounted to infringement on autonomy of the university system.

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