TETFund approves N30 billion for projects in 6 Universities, Polytechnics, Colleges of Education
The Tertiary Education Trust Fund (TETFund) has approved N30 billion for high-impact projects under its 2023 Special High Impact Intervention in Tertiary Institutions.
According to the Executive Secretary of TETFund, Sonny Echono, the N30bn would be used to execute high-impact projects in six universities, six polytechnics and six colleges of education under its 2023 intervention.
Under the TETFund High Impact Project intervention, one university, one college of education and one polytechnic will be selected each from the six geopolitical zones to benefit from the project every intervention year.
The agency said each of the six beneficiary universities would get N3 billion, while each of the 12 selected Polytechnics and Colleges of Education would get N1 billion.
The benefitting universities are Ibrahim Babangida University Lapai, Niger State; Federal University Wukari, Taraba State; Federal University Birnin Kebbi; Imo State University of Agriculture and Environmental Sciences; Edo State University, and Federal University of Technology Akure, Ondo State.
READ ALSO: FG Approves N6.3 Billion For Maintenance Of Pavement Of Third Mainland Bridge
The beneficiary polytechnics are Federal Polytechnic 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.
The CoE are Plateau State COE; Federal COE, Yola; Federal COE, Zaria; Enugu State COE; Delta State COE and Taiye Solarin COE.
Echono stated these while giving a breakdown of the N320 billion approved by President Muhammadu Buhari for tertiary institutions as an intervention in 2023.
He added that Special Intervention is usually at the discretion of the Board of Trustees for which allocations are zonal-based and are done equitably by the decision of the Board as enshrined in the enabling Act.
According to the Executive Secretary, this seeks to massively inject funds into selected tertiary institutions to achieve a major turnaround through programme upgrades and improvement in the teaching and learning environment.
He noted that beneficiaries are selected based on the age of the institution per geo-political zones among other criteria.