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TETFUND to spend N277bn on 226 institutions in 2021

The Tertiary Education Trust Fund (TETFund) has disclosed that it would spend about N277billion next year to provide critical infrastructure for 226 tertiary institutions across…

The Tertiary Education Trust Fund (TETFund) has disclosed that it would spend about N277billion next year to provide critical infrastructure for 226 tertiary institutions across the country.

Chairman, Board of Trustees of TETFund, Alhaji Kashim Ibrahim-Imam disclosed this during the board’s tour of projects at the Lagos State University (LASU).

“Though the total budget for 2020 was N250billion but we will still achieve the desired results around that sum come next year in spite of COVID-19,” he said.

According to him, TETFund provides intervention funds to beneficiary institutions based on societal needs, merits and ability to deliver for genuine societal development.

The BOT chairman maintained that TETFund does not discriminate in providing intervention funds to eligible tertiary institutions and individuals under its purview.

“We don’t discriminate as to whether a school is owned by the federal or state government or whether it is a college of education or polytechnic or university. We give support based on merit,” he said.

He stressed that the agency prioritised research activities in agriculture, Information and Communication Technology (ICT) and entrepreneurial skills.

“This is the surest way for institutions to produce graduates who will be problems solvers rather than problem creators,” he added.

 

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