The Academic Staff Union of Universities (ASUU) has said that operating the Single Treasury Account (TSA) could hamper the smooth running of the university system if implemented in a hurry.
The union expressed the view as part of its resolutions during the ASUU National Executive Council (NEC) Meeting held in Owerri yesterday.
ASUU National President, Nasir Isa, said for such a policy to be workable in the universities, the Federal Government should have involved university representatives in deliberating on the policy.
He said that the union would resist any attempt by the government to deny Nigerian universities of its financial autonomy.
According to him, universities all over the world enjoy financial autonomy.
“There is no way any university can operate freely without having financial autonomy and the union will fight against any plans to deny us such,’’ he said.
Isa said that financial autonomy for universities had enabled the institutions’ authorities to articulate short, medium and long-term plans.
According to him, most state governments have withdrawn from funding state universities.
“When government shifts funding responsibilities to university authorities, the implication will be enormous,’’ the ASUU National President added.