TETFund to disburse N292bn to select Public Tertiary institutions

The Tertiary Education Trust Fund has gotten approval from the Federal Government to disburse the sum of N292.66 billion to select public universities, polytechnics and colleges of education across the country.

The Executive Secretary of Tertiary Education Trust Fund (TETFund) Prof. Suleiman Bogoro, who confirmed the approval, noted that it would be spread to higher education institutions in each of the six geo-political zones in the country.

According to the 2021 disbursement plans, TETFund is to give N906 million to one university each from the six geo-political zones while N628 million will go to one polytechnic and one college of education from each of the six geo-political zones.

Bogoro made this known on Tuesday, while welcoming all heads of beneficiary institutions to a one-day stakeholders briefing, at the Nigeria Airforce Conference Centre, Abuja.

At the briefing session, Bogoro also explained that the responsibility of completing the National Library Project in Abuja has been bestowed on TETFund.

According to him, the library project represents an important national asset that shouldn’t be ignored on account of funding challenges.

Bogoro also stressed the importance of research to national development, saying the administration of President Muhammadu Buhari has been consistent in approving funds to see that academics churn out quality research that would address emerging challenges bedeviling the country.

He said this accounted for the setting up of the National Research Foundation which has consistently increased from N3 billion to N8.5 billion in recent times.

Emmanuel Ukoh