TETFUND to Spend N400 Billion on Nigerian Tertiary Institutions in 2024TETFUNDTETFUND to Spend N400 Billion on Nigerian Tertiary Institutions in 2024

George Okoh in Makurdi

The Tertiary Education Trust Fund (TETFund) is to earmark over N400 billion  for institutions within the Nigerian higher education sector for the year 2024.

This was disclosed by the Executive Secretary of the fund,  Sonny Echono at the 2023 review of the performance of the fund in Makurdi yesterday.

Echono stated that the team was in Makurdi  to review the performance of the fund in 2023 and also take new bearings for what will be done in 2024.

He said the significant aspect  of the retreat was  to get feedback and harvesting comments that would be used in reviewing the various platforms from  beneficiaries and institutions.

“We have been collating it to make it part of the issues we will be addressing at this meeting and we also went the extra mile to invite all the beneficiary institution in Benue State and they gave us direct feedbacks on what their impression about what our interventions are and areas they want us to either improve or look at,” he added.

He said the fund was playing a key role  in Benue, adding that the state has been a key beneficiary of Tetfund intervention with the additional institutions enlisting of  the Polytechnic, Yandev.

“The position of the law is that the funds are for public tertiary institutions – universities, polytechnics and colleges of education owned by either the federal government or states government.

 “Those are the limitations we have right now. The agitations are now limited to private institutions, there are so many other tertiary institutions like monotechnics, colleges of agriculture, colleges of cooperatives, research institutes and institutions being run by various other agencies even women affairs have their own institutions, labour studies in Ilorin, they have their own and so on.

“Many of them offer diplomas and even degrees. They also want to benefit from Tetfund. The only way we collaborate with them currently is in the area of research because we know that research is universal and we know that knowledge is collaboration.

“So, we are encouraging them to participate and we actually sponsor people or private individuals who have ideas,” he said.