TET-Fund devotes N30bn for projects in 18 tertiary institutions

The Tertiary Education Trust Fund has allocated N30bn for high-impact projects in 18 tertiary institutions nationwide.

The allocation is part of the over N320bn 2023 TETFund intervention approved by President Muhammadu Buhari.
Presenting the breakdown of the 2023 intervention in Abuja, the Executive Secretary of the Fund, Sonny Echono, said 6 Universities, one from each geopolitical zone, are entitled to N3bn each, while 6 polytechnics and colleges of education are permitted to N1bn each.

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The Universities include Ibrahim Babangida University Lapai for North Centralyj, Federal University Wukari, Taraba state, Federal University Birnin-Kebbi, Imo State University of Agriculture and Environmental Science, Edo State University and Federal University of Technology, Akure.

TET-Fund devotes N30bn for projects in 18 tertiary institutions

The polytechnics are Federal Polytechnics Offa, Federal Polytechnic Gombe, Federal Polytechnic Kabo, Kano State, Anambra State Polytechnic, Federal Polytechnic of Oil and Gas, Bonny and Oyo State College of Agriculture and Technology, Igboora are to get N1billion each.

Also, Plateau State COE, Federal COE, Yola, Federal COE, Zaria, Enugu State COE, Delta State COE, and Taiye Solarin COE are to get N1 billion each,” he said.

He said the high-impact projects peculiar to the benefitting institutions’ needs are tied to projects such as the construction of Senate buildings and student hostels. Mr Echono explained that the Fund has also allocated N12 bn to complete abandoned projects in higher institutions.

Echono disclosed that N198 billion was disbursed under annual direct intervention to Universities, representing 62 per cent of the budget. In comparison, extraordinary disbursements took 20.06 per cent, amounting to N64.2 billion, noting that this category includes Special Impact Projects, security infrastructure, completion of distressed projects, which he said gulped N12 billion, construction of micro-teaching laboratories and funding of teaching practice among others.

The TETFund Executive Secretary further revealed that N32 billion would be disbursed for designated projects, including the Research and Innovative Fund, Institutionalisation of Research and Development (R&D) and Assistance for Global Research Centre at the University of Ibadan.

The TETfund executive secretary further said the Fund is aware of the challenges facing institutions, especially the people targeting academic centres, kidnapping children and disrupting educational activities, necessitating the allocation of N6 billion for security in selected institutions.

“So we are implementing strategies to enhance security in the institution,” he noted.
Speaking on other intervention lines, Echono disclosed that N500 million had been allocated to some selected colleges of education from the six geopolitical zones for micro-teaching laboratories.

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