By Gom Mirian
The Tertiary Education Trust Fund (TETFund) says it will disburse N320bn to public universities, polytechnics, and colleges of education as part of its 2023 intervention.
The Fund also said it will expend the sum of N18 billion on six public universities under its Special High Impact Intervention.
The disbursement is coming barely eight days after the Africa Health Report, AHR, informed on the approval of N320b by Nigeria’s President Muhammadu Buhari as intervention funds for public tertiary institutions across the country.
This development was made public on Thursday by the executive secretary of TETFund, Arc. Sonny Echono in the nation’s capital, Abuja.
Mr. Echono said six public universities, polytechnics, and colleges of education are picked across the six geopolitical zones of the country to benefit from the intervention this year.
According to him, each public university will receive the sum of one billion naira each, while the sum of one billion naira will be given to six polytechnics and six colleges of education will also get one billion naira each.
He reiterated that 95 percent of the disbursement of 2023 will be given directly to beneficiary public institutions while 5 percent of the allocation will be used for staff salaries and allowance, project monitoring, and zonal capital projects.
He further said 62 percent of the total disbursement (representing N198 billion) constituted the institutions’ annual direct disbursement, while 20 percent of the disbursement (representing N64.2 billion) will be used for special disbursement.
According to Echono, the public tertiary institutions to benefit from this year’s intervention include; Ibrahim Babangida University Lapai, Federal University Wukari in Taraba State, Federal University Birnin Kebbi, Imo State University of Agriculture and Environmental Sciences, Edo State University, and the Federal University of Technology Akure, Ondo State.
The beneficiary polytechnics are; “Federal Polytechnics 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, are to get N1 billion each.
Also, Plateau State COE; Federal COE, Yola; Federal COE, Zaria; Enugu State COE; Delta State COE; and Tai Solarin COE are to get N1 billion each, he disclosed.
