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Tinubu Approves N683bn Intervention Funds For Public Tertiary Institutions



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. 

This year’s intervention witnessed a boost as compared to last year where over N320 billion was disbursed.

This was disclosed by the Executive Secretary of Tertiary Education Trust Fund (TETFund), Sonny Echono, on Friday, during the Fund’s Strategic planning meeting with heads of beneficiary institutions in Abuja.

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Echono said from the total, 90.75 per cent is budgeted for direct disbursement and 8.94 per cent for some designated special projects while a stabilisation 2.27 per cent is allowed to enable the Fund respond to emerging issues.

He said each iniversity will get, for the 2024 intervention cycle, the total sum of N1,906,944,930.00, each Polytechnic N1,165,355,235.00 while each College of Education shall get N1,398,426,282.00.

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