TETFund approves N208b for public tertiary institutions
Tertiary Education Trust Fund (TETFund) has approved N208 billion for disbursement to all public universities, polytechnics and colleges of education across the country.Executive secretary of TETFund, Suleiman Bogoro, disclosed this yesterday while addressing heads of tertiary institutions in Abuja.
He explained that each benefitting university would get N800 million, while polytechnics and colleges of education get 500 million each, with polytechnics getting a little more. Bogoro noted that TETFund had successfully disbursed N19.9 billion for physical infrastructure and library in the last six months.
“Over 240 projects were visited for the release of funds between January and June,” he said, explaining that 18 institutions across the six geopolitical zones would benefit from the fund’s special impact interventions.
The TETFund boss added that issue of stranded scholars abroad, which caused the nation and the fund embarrassment, had been addressed, as over 300 scholars had been paid since the exercise started three months ago. Bogoro appealed to all benefitting institutions to ensure that all TETFund projects complied with the Public Procurement Act 2007.
According to him, deliberate infractions and omissions hinder the smooth implementation of the approved projects.“The Fund, in collaboration with the Bureau for Public Procurement (BPP), is planning a training of procurement officers on the rudiments of provisions of the BPP Act.
Executive secretary of National Universities Commission (NUC), Prof Abubakar Rasheed, remarked that Nigeria needed more universities for its teeming population. TETFund, he said, is emerging as one of the most important government agencies in the country.
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