President Bola Tinubu has approved N683,429,268 billion as the 2024 intervention fund for public tertiary institutions in the country.
This development was made known on Friday by the Executive Secretary of Tertiary Education Trust Fund, TETFund, Sonny Echono at the Fund’s strategic planning meeting with heads of beneficiary institutions in Abuja.
According to him, from the total, 90.75 per cent is earmarked for direct disbursement, 8.94 per cent for some designated special projects, and 2.27 per cent is budgeted for response to emerging issues.
He also disclosed that each university shall get for the Year 2024 intervention cycle, the total sum of N1,906,944,930.00, polytechnic N1,165,355,235.00
while each College of Education has N1,398,426,282.00.
The intervention fund is expected to go a long way in revamping the educational sector and salvaging the tertiary education from comatose.
ValidViewNetwork reports that the tertiary institutions in Nigeria lose quality time to strike actions arising from teaching and learning conditions, poor funding of the institutions and poor salaries for workers.
With the intervention, hopefully, the year 2024 will witness a smooth sail for the tertiary institutions, ValidViewNetwork reports.
