The Academic Staff Union of Universities, ASUU, has indicated it will call off its over five months mass strike action before the end of the week as it signed a Memorandum of Understanding, MoU, with the federal government Wednesday evening .

The agreement which was reached between both parties in Abuja at the ministry of education, follows the withdrawal of an ultimatum issued by the government to the union and the confirmation of payment of N200 billion to an account in the Central Bank of Nigeria, CBN, as part of fulfilment of the promise made during the last peace negotiation.

National chairman of ASUU, Nasir Fagge, signed the agreement on behalf of the union, while the supervising minister for education, Nyesom Wike, stood in for the government.

Fagge said that the federal government has agreed to fulfill most of the obligations agreed upon during meetings with the President, including a non-victimization clause, adding that the union will hold meeting with its National Executive Council to assess the content of the. MoU and decide on its next line of action.

The federal government on its part is expected to set up a committee to ensure that the agreement reached with ASUU is fully implemented.