{"id":64489,"date":"2022-05-09T15:28:09","date_gmt":"2022-05-09T14:28:09","guid":{"rendered":"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/tetfund-tertiary-institutions-get-allocation-amid-asuu-strike"},"modified":"2022-05-09T16:38:04","modified_gmt":"2022-05-09T15:38:04","slug":"tetfund-tertiary-institutions-get-allocation-amid-asuu-strike","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/nigeria\/economy\/tetfund-tertiary-institutions-get-allocation-amid-asuu-strike","title":{"rendered":"TETFund: Tertiary Institutions get allocation amid ASUU strike"},"content":{"rendered":"

Africa-Press – Nigeria. <\/strong><\/span>The Tertiary Education Trust Fund (TETFund) has commenced the disbursement of the direct intervention funds approved by the presidency to public Universities, Polytechnics and Colleges of Education in the country.<\/p>\n

The latest interventions which run into several billions of naira, saw each beneficiary Institution, being allocated N642,848,138.00 to each University, N396,780,086.00 to each Polytechnic and N447,758,804.00 to each College of Education in the Country for the year 2022.<\/p>\n

The allocation papers were presented to heads of the beneficiary institutions on Monday, at the National Universities Commission (NUC) by the Executive Secretary of the Fund, Arch Sunny Echono.<\/p>\n

According to Echono, the desire to develop human capital to service the various sectors of the Nigerian economy primarily informed the government\u2019s investment in the education sector.<\/p>\n

He said the government is not unmindful of the deficit and decay in the tertiary sub-sector, noting that it also informed the establishment of the Tertiary Education Trust Fund; which was initially referred to as Education Tax Fund in 1993 and later metamorphosed into Tertiary Education Trust Fund in 2011.<\/p>\n

The TETFund Boss equally lamented the instances of distressed or non-performing projects which according to him was becoming rampant and disturbing.<\/p>\n

He noted that the Fund had about 7 nonperforming\/distressed projects in the University of Port Harcourt, 6 in Enugu State University, a total of 5 in the University of Nigeria Nsukka, 4 in Taraba State University in University of Calabar, 4 in Kaduna State University and I at THE Alvan koku College of Education.<\/p>\n

\u201cThis phenomenon becomes even more worrisome when viewed alongside the problem of un-accessed funds We are mindful of the intricate variables in project management and delivery as well as the constraints created by our own internal policies and are ensuring that we review our processes where required but will also demand from beneficiary institutions accountability and sanctions where needed.<\/p>\n

\u201d I will in the coming weeks be engaging beneficiary institutions who have these serious problems with the view of bringing the projects to speedy completion and use,\u201dhe noted.<\/p>\n

Recall that TETFund\u2019s mandate involves the utilization of initially 2% and now 2.5% Education Tax charged on assessable profit of all companies registered in Nigeria to improve the conditions, and quality of the nation\u2019s public tertiary institutions.<\/p>\n

Echono who recently succeeded prof. Elias Bogoro as Executive Secretary of TETFund pledged to boost the ICT capacity of the Fund in order to ensure seamless operations.<\/p>\n

He said, \u201cUpon assumption of office. I received briefings and presentations from all the departments of the Fund on the status of their various activities. This was to enable me assess the level of progress and to see if there are issues that needed to be addressed urgently. One of our primary areas of focus is digital literacy and the development and deployment of information and communication technology (ICT), including ubiquitous broadband and data connectivity\/access to our institutions to enhance our ICT capabilities.<\/p>\n

\u201cThis informed my visit to the Minister of Communications and Digital Economy to discuss possibilities and collaboration on our interventions and other needs in our tertiary institutions presently, the ICT department has embarked on several projects that include; dematerialization and digitalization of thesis project 2 aggregations of electronic databases subscription project among other innovations\u201d.<\/p>\n

For More News And Analysis About Nigeria<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Nigeria. The Tertiary Education Trust Fund (TETFund) has commenced the disbursement of the direct intervention funds approved by the presidency to public Universities, Polytechnics and Colleges of Education in the country. The latest interventions which run into several billions of naira, saw each beneficiary Institution, being allocated N642,848,138.00 to each University, N396,780,086.00 to […]<\/p>\n","protected":false},"author":84,"featured_media":64488,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,15,28,26],"tags":[1570,2140,738,254,1615,3533],"class_list":["post-64489","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","category-twitter","tag-africa-press","tag-africa-press-nigeria-2","tag-asuu","tag-nigeria","tag-strike","tag-tetfund"],"yoast_head":"\nTETFund: Tertiary Institutions get allocation amid ASUU strike - Nigeria<\/title>\n<meta name=\"description\" content=\"The Tertiary Education Trust Fund (TETFund) has commenced the disbursement of the direct intervention funds approved by ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/nigeria\/economy\/tetfund-tertiary-institutions-get-allocation-amid-asuu-strike\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"TETFund: Tertiary Institutions get allocation amid ASUU strike\" \/>\n<meta property=\"og:description\" content=\"The Tertiary Education Trust Fund (TETFund) has commenced the disbursement of the direct intervention funds approved by ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/nigeria\/economy\/tetfund-tertiary-institutions-get-allocation-amid-asuu-strike\" \/>\n<meta property=\"og:site_name\" content=\"Nigeria\" \/>\n<meta property=\"article:published_time\" content=\"2022-05-09T14:28:09+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-05-09T15:38:04+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2022\/05\/postQueueImg_13-627935446ca73.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/tetfund-tertiary-institutions-get-allocation-amid-asuu-strike#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/tetfund-tertiary-institutions-get-allocation-amid-asuu-strike\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"TETFund: Tertiary Institutions get allocation amid ASUU strike\",\"datePublished\":\"2022-05-09T14:28:09+00:00\",\"dateModified\":\"2022-05-09T15:38:04+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/tetfund-tertiary-institutions-get-allocation-amid-asuu-strike\"},\"wordCount\":552,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/tetfund-tertiary-institutions-get-allocation-amid-asuu-strike#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2022\/05\/postQueueImg_13-627935446ca73.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Nigeria\",\"ASUU\",\"Nigeria\",\"strike\",\"tetfund\"],\"articleSection\":[\"all news\",\"Economy\",\"homepage-english\",\"twitter\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/nigeria\/economy\/tetfund-tertiary-institutions-get-allocation-amid-asuu-strike#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/tetfund-tertiary-institutions-get-allocation-amid-asuu-strike\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/tetfund-tertiary-institutions-get-allocation-amid-asuu-strike\",\"name\":\"TETFund: Tertiary Institutions get allocation amid ASUU strike - 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