SIX Varsities To Get New N18BN Special Funds

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The Tertiary Education Trust Fund (TETFund) has revealed that N18 billion will be disbursed to six public universities under its Special High Impact Intervention.

The Executive Secretary, TETFund, Sunday Echono, said this during a press briefing on Thursday.

He further noted that N3 billion will be given to six selected varsities, N1 billion each to six polytechnics and six colleges of education across the country.

He added that over 95 per cent of the 2023 Intervention Budget N320 billion total TETFund’s disbursement of 2023 would go directly to beneficiary tertiary institutions.

The remaining five per cent of the allocation, according to Echono, would be used for staff salaries and allowances, project monitoring and zonal capital projects.

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