The Academic Staff Union of Universities (ASUU) President, Emmanuel Osodeke, has drawn attention to the declining value of salaries for Nigerian professors, blaming it on the effects of inflation and the naira’s steady depreciation against the dollar. Osodeke talked about the ongoing problems between ASUU and the federal government in an interview with journalists on News Central Television. She emphasized the real fall in lecturers’ purchasing power as a result of economic circumstances. CONTINUE FULL READING>>>>>
During the interview, Osodeke pointed out that the current salary structure for Nigerian lecturers remains stagnant, having been approved in 2009 when the exchange rate was below N200 to a dollar. He underscored the significant disparity between the exchange rates then and the present, where it has exceeded a thousand naira to a dollar. Despite this substantial change, lecturers continue to receive the same salary, revealing a concerning lack of adjustment to address the currency devaluation over the years.
Emmanuel Osodeke revealed this information while discussing the lingering concerns between ASUU and the federal government in an interview with journalists on News Central Television. During the interview, Emmanuel Osodeke said, “the salary we are earning was what was approved in 2009 when the exchange rate was less than N200 to a dollar. Today, what is the exchange rate? More than a thousand naira, but we are still earning the same salary.”
“People still go home with between N300,000 to N400,000 in a month at this level. So, these are some of the issues. We also looked at the issue of autonomy. They have mentioned it and we hope that it will be implemented.” CONTINUE FULL READING>>>>>