The Tertiary Education Trust Fund (TETFund) is to disburse the sum of N292.66 billion as 2021 intervention funds to public universities, polytechnics and colleges of education across the country.
Executive Secretary of TETFund, Prof. Suleiman Elias Bogoro made this known at a one-day stakeholders’ briefing held at the Nigeria Air Force Conference Centre, Abuja, recently.
He said the intervention, which had been approved by the Federal Government, would be spread to higher educational 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 each university while N628 million will go to one polytechnic and one college of education across the six geo-political zones.
At the meeting, which had heads of beneficiary institutions and their representatives in attendance, Prof. 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.
Letters of allocation were presented by the Fund to beneficiary institutions at the event.