The federal government has approved two hundred and eight billion naira as the 2019 intervention funds for public institutions across the country. The reinstated TETFund Executive Secretary, Suleiman Bogoro, made this known at the annual meeting with officials of TETFund and beneficiary institutions in Abuja on Thursday.
According to Mr Bogoro, the annual direct disbursement of eight hundred and twenty-six-point-seven million naira was allocated to each university, five hundred and sixty-six-point-seven million naira was allocated to each polytechnic and five hundred and forty-two-point-two million naira was allocated to each College of Education in Nigeria.
Mr Bogoro also said most of the structures in Nigerian institution are built from TETfund interventions. He noted that education intervention has been consistent despite the fall in oil price.
Mr Bogoro however expressed concerns over the growing number of public tertiary institutions “and their effect on the application of funds provided.” According to the National Universities Commission website, Nigeria has 43 federal universities and 48 state universities.