The Academic Staff Union of Universities (ASUU) has agreed to renegotiate its initial agreement with the Federal Government on the revitalization of universities.

The agreement was reached at a meeting with the Speaker of the House of Representatives, FEMI GBAJABIAMILA at the National Assembly.

The Minister of Finance, ZAINAB AHMED and Minister of State for Education, EMEKA NWAJIUBA, were also in attendance.

The renegotiation process is expected to commence in one week although EMEKA NWAJIUBA said the 1.3 trillion naira currently being demanded is unrealistic.

The Finance Minister also assured that within one week the earned allowances and the salary shortfall issues would be addressed.

FEMI GBAJABIAMILA said the House will ensure that a concrete agreement is reached that will be beneficial to all in order to avert any further strikes.