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, made this disclosure on January 12th, at the Fund’s strategic planning meeting with heads of beneficiary institutions in Abuja.
According to him, “Based on this approval: each university shall get, for the Year 2024 intervention cycle, the total sum of N1,906,944,930.00. This comprises N1,656,944,930.00 as annual direct disbursement and N250 million as zonal intervention.
Similarly, each polytechnic shall get N1,165,355,235.00 comprising N1,015,355,235.00 as annual direct disbursement & N150 million as zonal intervention, while each College of Education shall get N1,398,426,282.00 comprising N1,248,426,282.00 as annual direct disbursement and N150 million as zonal intervention.