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President Tinubu approves N683 billion intervention fund for tertiary schools

Boom RadioNG | January 12, 2024

President Bola Tinubu has today approved N683,429,268 billion as the 2024 intervention fund for public tertiary schools in the country.

This was disclosed by the Executive Secretary of Tertiary Education Trust Fund, TETFund, Sonny Echono at the Fund’s strategic planning meeting with heads of beneficiary institutions in Abuja.

According to him, 90.75% of the total is earmarked for direct disbursement, 8.94% for some designated special projects, and 2.27 per cent is budgeted for response to emerging issues.

 

President Bola Tinubu

Also, each university is to get a total sum of N1,906,944,930.00, polytechnics will get N1,165,355,235.00 while each College of Education has N1,398,426,282.00.

The intervention fund is expected to address the decades-long calls for better funding of federal tertiary institutions in Nigeria.

 

 

Dolupo Balogun

Written by Boom RadioNG

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