FG Approves N208 Billion For Public Tertiary Institutions



The federal government has approved N208 billion as the 2019 intervention funds for public higher institutions across the country.

The reinstated TETFund Executive Secretary, Suleiman Bogoro, made this known at the annual meeting with the heads of TETFund beneficiary institutions in Abuja on Thursday.

Bogoro said the annual direct disbursement of N826.6 million was allocated to each university while the sum of N566.7 million was allocated to each polytechnic and N542.2 million, to each College of Education in Nigeria.

Bogoro said the organisation has fallen in the standard of their scholarship scheme and the issues of stranded scholars have been revisited.

“Pivotal payment has commenced for stranded TETfund stranded scholars. We even told the head of institutions that we might not release any fund until we sort the stranded scholars and since we started about three months ago, the number has risen to 400,” he said.

Bogoro also urged desk officers to stop making demands from scholars in the institutions.

He also frowned at institutions who divert funds meant for a particular purpose while advising against poor quality of project delivery.

Also speaking at the event, executive secretary of the National Universities Commission, Abubakar Rasheed, said there is a need for more efficient administration of funds, as the government have created more institutions in the country.

He mentioned that Nigeria has 43 federal universities and 48 state universities, and that 18 institutions across the six geopolitical zones are beneficiaries of the Special High Impact Intervention.

“We hate a situation again, as we have seen in this assessment, where sometimes a Vice-Chancellor will not send a Deputy Vice-Chancellor or Registrar or Bursar or any other principal officer even director of works or procurement, but will send his personal assistant to be the one handling the TETfund issues or needs assessment issues. Such transactions will not be tolerated”, he said.

TETFund was established (originally as Education Trust Fund (ETF) by the Act No 7 of 1993 as amended by Act No 40 of 1998 (now repealed and replaced with Tertiary Education Trust Fund Act 2011) as an intervention agency to provide supplementary support to all levels of public tertiary institutions.{TV360}

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