The Tertiary Education Trust Fund (TETFund) has announced its 2025 intervention allocations, with universities receiving N2.8 billion, polytechnics N1.9 billion, and colleges of education N2.1 billion. This funding is part of a broader N700 billion package approved by President Bola Tinubu to enhance infrastructure, research, and development across Nigeria’s tertiary education institutions.
Here’s a breakdown of the allocation structure:
- Direct Disbursements: 91.08% of the total funding (N700 billion)
- Annual Direct Disbursements: 48.90% (N343 billion)
- Special Direct Disbursements: 42.18% (N295 billion)
- Special Projects: 8.72% (N61 billion) for infrastructure development
- Stabilization Fund: 0.20% (N1.4 billion)
The Executive Secretary of TETFund, Sonny Echono, emphasized that the funds will be used to upgrade, rehabilitate, and renovate dilapidated infrastructure in Nigeria’s tertiary institutions. Additionally, a significant portion of the funding will be directed toward expanding research and innovation, academic staff training, and manuscript development.
Source: Nairametrics
