TETFund disburses N300bn to 226 Tertiary Institutions in 2021


The sum of N300 billion has been disbursed to about 226 tertiary institutions for staff training and infrastructural development.

This was disclosed by the Chairman Board Of Trustees of Tertiary Education Fund Tetfund, Kashim Ibrahim-Iman on Monday, in Asaba at an audit and accounts reconciliatory meeting with the benefiting institutions in Delta.

Ibrahim-Iman explained that TETFund was committed to building the education sector through training of academic staff members and the building of projects to make teaching and learning more conducive.

“Our performance is visible in every institution, at the University of Lagos alone, we have completed and ongoing 75 projects, at Lagos State University, we have 68 projects.” he said.

“There is no tertiary institution that I have visited that does not have at least minimum of 50 completed and ongoing projects fully funded by TETFund and I want to assure all the institutions that we are going to do much more than we have done in the past”.

“This year alone, the overall budget of TETFund is about N300 billion: each university will be accessing overall budget of about N900 million, each polytechnic will be access in excess of N800 million while the colleges of education will access in excess of N700 million.

“For academic staff training and development, each university will access about N150 million, polytechnics and colleges of education, N120 million each this year.

Ibrahim-Iman further urged institutions to look inward for more staff to be trained locally, rather than evaluate the cost of staff training abroad.

“From inception, TETFund has invested over N161 billion for staff training and more than N32 billion for conference attendance and teaching practice.

The chairman while noting that fund looked at both sides in terms of record keeping, added that more than 30,000 academic staff across the country have trained both locally and internationally.

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