The Academic Staff Union of Universities (ASUU) has agreed to suspend its eight-month 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.
ASUU also stated that the agreement should not be announced until it has been approved by its members.
It is understood that the union will have to report to its organs about the agreement before it can communicate their decision to the government after which a date would be announced for calling off the strike.
The federal government also agreed to raise the total money offered to ASUU to N70 billion.