TETFund Releases Intervention Funds For Higher Institutions (Video)
-By Raphael Jov
Nigeria’s Tertiary Education Trust Fund (TETFund) has revealed the list of 2022 interventions funding for beneficiary institutions across the country.
The Executive Secretary of TETFund, Arch. Sunday Echono said each University will get the sum of N642,848,138.00, while N396,780,086.00 goes to each Polytechnic and N447,758,804.00 to each College of Education.
Echono made the disclosure at the Strategic Interactive Session for Heads of TETFund Beneficiary Institutions, in Abuja.
He said the letters of allocation for the Annual Direct intervention would be released to them at the meeting, while the allocations for special interventions will be released in due course.
He pointed out that the Fund has about seven nonperforming/distressed projects in University of Port Harcourt, six in Enugu State University, five in University of Nigeria Nsukka, four in Taraba State University and University of Calabar, four in Kaduna State University and one at Alvan Ikoku College of Education.
He noted that the decision is to eliminate bottlenecks and delays in the execution of the intervention projects.
He also said another area of serious concern to the Fund, is the incidence of distressed or non-performing projects which is becoming rampant and disturbing.
