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TETFund Invests N300bn In Tertiary Institutions

Tertiary Education Trust Fund, TETFund has said it provided infrastructures worth N300 billion for universities, polytechnics and Colleges of Education in Nigeria between 2011 and 2016.

Salihu Bakari, Director, Academic Staff Training and Development of TETFUND, disclosed this on Monday during the National Conference on Quality Education in Lagos.

Bakari said that TETFund was interested in the infrastructural development of various tertiary institutions in Nigeria as well as their intellectual development.

“TETFund is bridging the gaps in all the sectors of education in Nigeria; we are committed to the development of tertiary education which is our primary duty.

“We are intervening in all the gaps and we have so far spent over N300 billion on infrastructures between 2011 and 2016 in our Universities, Polytechnics, and Colleges of Educations.

“About N4 billion has also been invested only for academic software and development alone; so, a lot of monies are being spent and about N1 billion in manuscript development.

“Every university has about N200 million for conference attendance this year alone, so we are really making our presence known in the development of education in Nigeria,’’ he said.

Bakari said that accessing TETFund was not cumbersome only that the agency would like to be detailed about what funds it was investing in to avoid waste.

“There is nothing cumbersome in accessing our funds; they are readily available and it must be noted that it is a transfer policy which involves proper utilisation of funds.

“We are guided by rules; we have conditions so that we don’t just give out funds without proper accountability and probity.

“The guidelines are very clear and they are not Mosaic, not “eye for an eye the conditions are very simple. Lecturers only need to show proof of conferences they want to attend.

“The evidence also includes evidence of papers to be presented at those conferences which are the manuscript, which should be up to acceptable standard,’’ he said.



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