President Goodluck Jonathan has signed the law increasing the retirement of polytechnic and university lecturers.
The new law also increases retirement age of staff in the professorial cadre and non-academic staff in Nigerian universities to 70 and 65 years respectively.
The president signed the law on Monday, five months after the national assembly passed the bill for the Act titled, Retirement Age of Staff of Polytechnics and Colleges of Education (Harmonisation) Act, 2012″ and the Bill for an Act to further amend the Universities (Miscellaneous Provisions) Act No. 11, 1993.”
The laws are major components of the federal government agreement with the various tertiary institution unions two decades ago. The law also exempts the lecturers from the Public Service Rule which requires a person to retire from the Public Service after serving for 35 years.
It limits tenure of principal officers of universities to 1 term of 5 years only. but increases the retirement age of staff in the professorial cadre in the universities from 65 years to 70 years and from 60 to 65 years for polytechnic and College of Education lecturers.
The amendments constitute a fulfilment of a part of the agreements reached by the federal government and the central trade unions of the tertiary institutions, particularly the Academic Staff Union of Universities in 1990.
“The law will unarguably raise the staff morale and improve the quality of academic work in our tertiary institution,” Uche Chukwumerije, chairman of senate committee on education and initiator of the bill said during the third passage of the bill.