Varsities get N1.9bn, polytechnics N1.1bn, CoEs N1.3bn each
President Bola Ahmed Tinubu has approved the sum of N683,429,268 billion as the 2024 Intervention Funds for public tertiary education institutions in the country.
The Executive Secretary of Tertiary Education Trust Fund (TETFund), Sonny Echono, disclosed this on Friday during the Fund’s strategic planning meeting with heads of beneficiary-institutions in Abuja.
Echono said from the total, 90.75% was budgeted for direct disbursement and 8.94% for some designated special projects. A stabilization of 2.27% was allowed to enable the Fund respond 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, each Polytechnic N1,165,355,235.00
while each College of Education shall get N1,398,426,282.00.
Peoplesmind
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Breaking: Tinubu approves N683bn Intervention fund for Tertiary Institutions
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