Federal Government is set to release the sharing formula for the N220bn 2014 funding for universities by January ending. Our correspondent gathered on Friday in Abuja that the Implementation Monitoring

Committee had already worked out a theory to exclude some state universities from the list of the benefiting institutions.

The Federal Government had promised to inject N220bn annually into the universities for the next five years based on NEEDS Assessment Report.

This was contained in the Memorandum of Understanding signed with the Academic Staff Union of Universities in December to end the almost six months strike by the public universities lecturers.

The money is meant for renewal of infrastructures, capacity building for lecturers and learning resources for the students.

Secretary to the Government of the Federation, Sen. Anyim Pius Anyim commissioned the Implementation Monitoring Committee on the day the strike was called off.

Minister of Education, Nyesom Wike, however, further subdivided the committee into two subcommittees of allocation and logistics.

The IMC, it was learnt, had raised concerns that some states had two owned universities and expected the Federal Government to fund them for their political gains.

A top member of the committee who spoke with our correspondent in confidence on Friday said, “The committee is working out the sharing formula between Federal and state universities. This money is coming out of Federal Government own share of the federation account which does not include the state.”