Section 24: Special provisions relating to pension of professors.

1 An academic staff of the University who retires as a professor in the University shall be entitled to pension at a rate equivalent to his annual salary provided that the professor has served continuously in the University up to the retirement age.

2 Notwithstanding subsection (1) where the professor has not served up to retirement age, he shall be entitled to the rate of pension mentioned under subsection (1), provided that he has served a minimum of 20 years as a professor in a recognised University.

3 Where an academics joins a Nigerian University as a professor, such a professor shall have served continuously for at least 20 years in a recognised University.