UPDATE ON FUNDING OF PERSONNEL COST BY THE FEDERAL GOVERNMENT

It has become very imperative for the University Administration to once again inform the University community, especially all members of staff, of the continuous underfunding of our personnel grant. From December 2015 till date, personnel grants have been inadequate to fully pay our personnel costs.

The Administration was shocked again on Wednesday 25 May, 2016 when it received the personnel grant for May 2016 in the sum of N782,346,495.59 even after 2016 budget had been approved by Mr. President. This sum could only pay 92.42% of our personnel cost for the month and as usual, a meeting of stakeholders in the university was convened on Thursday 26 May 2016 to discuss the way forward. In attendance were the leaders of all the staff unions and leaders of cooperative societies.

The Administration will continue to reach out to the appropriate authorities to seek redress for this situation and ensure that the shortfalls from December 2015 to May 2016 are released.

The table below presents the position of the personnel cost, personnel grants received and shortfall from December 2015 to May 2016 for the information of the university community:

S/No	Month	UI Personnel Cost (N)	Personnel Grant Received (N)	Amount of Shortfall (N)
1	December 2015	965,508,185.70	663,872,634.60	301,635,551.10
2	January 2016	878,148,127.28	782,346,495.59	95,801,631.69
3	February 2016	888,545,476.96	782,346,495.59	106,198,981.37
4	March 2016	877,193,065.55	782,346,495.59	94,846,569.96
5	April 2016	879,134,419.41	782,346,495.59	96,787,923,82
6	May 2016	878,756,811.03	782,346,495.59	94,898,518.25
	Total	5,367,286,085,93	4,575,605,112.55	790,169,176.19

Meanwhile, members of the university community are hereby enjoined to remain calm and peaceful while negotiation continues.

With renewed thanks for your kind understanding and support.

MANAGEMENT