TETFund Approves Disbursement Of N292.7bn

TETFund Approves Disbursement Of N292.7bn to selected Universities, Polytechnics & Colleges. Details are as follows.

TETFund Approves Disbursement Of N292.7bn To selected Universities, Polytechnics & Colleges

The Tertiary Education Trust Fund (TETFund) has approved the sum of N292.7 billion for disbursement to select public universities, polytechnics, and colleges of education across the country.

Executive Secretary of Tertiary Education Trust Fund (TETFund) Prof Suleiman Bogoro, who made this known on Tuesday in Abuja, said the intervention which has been okayed by the Federal Government, 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.

N5 billion each was approved for the University of Lagos (UNILAG) and Ahmadu Bello University (ABU), Zaria, for massive infrastructural projects’ development.

The TETFund boss said N1 billion was also approved for the fencing of Obafemi Awolowo University, Ile-Ife and another N1 billion for Imo State Polytechnic, Umuagwo, adding that more tertiary institutions would benefit from the special allocations in a not too distant time.

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