Reports from an extraordinary meeting of the Federal Government with the Academic Staff Union of Universities (ASUU) in Abuja say ASUU has agreed to suspend its eight-month old strike.
The union reached the agreement on Friday night during a meeting with the federal government team led Chris Ngige, Minister of Labour and employment.
The federal government also agreed to raise the total money offered to ASUU to N70 billion.
The union had embarked on an indefinite strike in March over non-implementation of agreements and resolutions the federal government reached with it in 2009.
It had also opposed the adoption of the Integrated Payroll and Personnel Information System (IPPIS) while presenting its University Transparency and Accountability Solution (UTAS) as an alternative.
The union has had several meetings with the federal government since the strike commenced but no agreement was reached.
The federal government, however, bowed to pressure last week as it offered the sum of N65 billion to ASUU so it can call off its industrial action which has grounded academic activities in the public universities.
The incessant industrial actions embarked upon by the union since 1999 have forced students out of school for over four years.