The Federal Government has provided N470bn Special Fund in the
2023 budget for university revitalisation and upward adjustment of lecturers’
salaries.

The Minister of Finance, Zainab Ahmed, who made this known at a briefing in
Abuja today, said the sum of N300bn is for university revitalization and
N170bn for upward adjustments of the university lecturers’ salaries.

According to her, the draft 2023 budget has been prepared on the
background of international challenges such as the Russia-Ukraine war and
COVID-19 pandemic, adding that revenue generation has been a major
challenge to national development in the country.

On the allocations for critical sectors, she said the sum of 2.05 trillion naira is
allocated to education and 1.58 trillion naira for health. She added that 2.74
trillion naira is allocated to defense and security, infrastructure got 998.9
billion naira while social development and poverty reduction has 756 billion
naira.