Universities and others receive stipends from Nigerian agency TETFUND amid ongoing lecturers, ASUU strike
Disbursement of Presidential-approved outreach funds for public universities, polytechnics and colleges of education nationwide has begun through the Higher Education Trust Fund (TETFund).
Each beneficiary institution that is a university receives N642,848,138 while the polytechnic receives N396,780,086; meanwhile, N447,758,804 goes to each College of Education for the year 2022, which total several billion naira.
Officials of the beneficiary institutions received the award documents to the National Universities Commission (NUC) from the Fund’s Executive Secretary, Sunny Echono, on Monday.
Echono, while introducing the paper, noted that the desire to develop human capital to serve the various sectors of the Nigerian economy has primarily informed government investment in the education sector.
According to him, the government is not ignoring the deficit and degradation of the tertiary sub-sector, noting that this also informed the establishment of the Tertiary Education Trust Fund; originally called Education Tax Fund in 1993, then transformed into Tertiary Education Trust Fund in 2011.
The TETFund boss also lamented cases of struggling or non-performing projects which he said were becoming endemic and disturbing.
He noted that the fund had about seven non-performing/stressed projects at the University of Port Harcourt, six at Enugu State University, a total of five at the University of Nigeria, Nsukka, four at Taraba State University; four at Kaduna State University and one at Alvan Ikoku College of Education.
“This phenomenon becomes even more worrying when it is put in parallel with the problem of non-accessible funds. We are aware of the complex variables of project management and delivery as well as the constraints created by our own internal policies and are careful to review our processes where necessary, but we will also demand accountability and sanctions from recipient institutions where necessary.
“In the coming weeks, I will be engaging recipient institutions that have these serious problems with a view to bringing the projects to rapid completion and utilization,” he noted.