Buhari’s N320bn intervention highest in TETFUND history – BMO

The Buhari Media Organisation has said the latest disbursement of N320bn intervention fund for public tertiary institutions is the highest ever disbursed since the Tertiary Education Trust Fund was created.
A statement signed by the BMO Chairman, Niyi Akinsiju, and secretary, Cassidy Madueke, read in part, “We have been constantly assailed with tales of poor funding of public tertiary institutions but the facts on the ground have continued to put a lie to that claim as seen in the latest TETFUND approvals to the schools.
“According to the TETFUND Executive Secretary, the 2023 allocation to tertiary institutions is N320bn which represents the highest disbursement to the institutions since the Fund was created 30 years ago.
“For the avoidance of doubt, each federal university is to get N1.154bn, the polytechnics get N699.3m each while Colleges of Education are to receive N800m each for 2023 alone.”
The group added that public institutions of learning got more funding under the regime of the President, Major General Muhammadu Buhari(retd.), than at any time in the nation’s history.
“The Buhari-era disbursement to public universities, polytechnics, and colleges of education totalled N1.702tn compared to N1.249tn disbursed from the inception of the fund in 1993 to 2014.
“But that of 2023 clearly stood out, and like officials of the Ministry of Education, we hope that beneficiary institutions would use the intervention funds judiciously,” the statement added.”

All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from PUNCH.
Contact: [email protected]

Leave a Reply

Your email address will not be published. Required fields are marked *

Written by Chapter4glenx


US President Joe Biden

Biden ends US Covid emergency status

NDLEA officials

Rivers NDLEA arrests 23 drug suspects in one month