President Bola Ahmed Tinubu has approved the sum of N683billion as the 2024 Intervention Funds for public tertiary education institutions in the country.

— Public Universities - 1.9bn each
—Public Polytechnics - 1.1bn each
—Public Colleges of Education 1.3bn each

It is important to note that this year’s intervention is significantly higher than 2023’s own which was capped at N320 billion.

A reminder that the much awaited students loan initiative is expected to kick off later this month.

By Dada Olusegun On X (Formerly called Twitter)

Let us respect the President for having the political will to make a change
Its not just making policy and not making any moves to turn them into realistic targets for the populace
I am impressed that this government is starting this year firing from all cylinders
I really hope they keep the momentum,also there are some ministers that are practically absent and will not be surprised that they are shown the door
A Good Example is the Minister of Creative Economy
I seriously am struggling to understand why the Lady is not pulling her weight
She should understand that the Ministry is to evolve a comprehensive policy for the Arts

Good news.

Hope this will also improve the students facilities in our high institutions

1 billion naira is a very huge amount for each terrorists institution.

They should just make sure all those VCs and university leader swear with Ogun Lakaaye that they won’t embezzle the money.

Government must create special task force that’ll see that it’s used for intended purpose.

I remeber one professor for FUTA computer science department that year.

This man legitly got millions of naira from both government and private sector as research grants for his students but he instead use the money to build house and other stuffs rather than invest it in the said students and research.

Then, I never knew until I worked with him for a software and mistakenly saw his emails and I was just seeing millions this millions that.

Corruption in this country might never end. It has percolated into the fabrics of every society.

Are intervention funds outside the year's budgetary allocations? If yes, from where are they provided for? I want to be better educated on this before I comment on it. So, if you are well informed about this, kindly help me to understand it better.

Meanwhile, let's stop allowing Tinubu to be deceiving us with words like "approved". Why? We've seen approved funds that weren't disbursed at the end of the day and nothing happened.

SharingIsLife:
Are intervention funds outside the year's budgetary allocations? If yes, from where are they provided for? I want to be better educated on this before I comment on it. So, if you are well informed about this, kindly help me to understand it better.

Meanwhile, let's stop allowing Tinubu to be deceiving us with words like "approved". Why? We've seen approved funds that weren't disbursed at the end of the day and nothing happened.

You need no more education., infact you are in position to educate us and give instances where money were approved by Mr President and the money doesn't get disbursed

You already made your supposedly reserved comment. And you own no one any apologies.

Is your conscience judging you?

That's quite big. If there's any university where construction is always ongoing 365 days a year, it has to be FUT Minna. Obviously, they're judiciously utilizing their revenue and FG allocation, even if there's still a possibility they're taking some percentage from it.

Only if it gets to the appropriate institutions, and that purpose which is supposed executed as I'll appreciate.
For now I reserve my comment

Christopher48:
Let us respect the President for having the political will to make a change
Its not just making policy and not making any moves to turn them into realistic targets for the populace
I am impressed that this government is starting this year firing from all cylinders
I really hope they keep the momentum,also there are some ministers that are practically absent and will not be surprised that they are shown the door
A Good Example is the Minister of Creative Economy
I seriously am struggling to understand why the Lady is not pulling her weight
She should understand that the Ministry is to evolve a comprehensive policy for the Arts

Cursed children will still curse their parents no matter what the god of Politics Emilokan Asiwaju Bola Ahmed Tinubu Jagaban the City Boy Extraordinaire does

This money will lead several people to jail, because they would want to embezzle it as they have always done. Tinubu will hold their necks and drag them to jail

I will be counting how many criminals in high places will go to jail as a result of this money.

A new Sheriff is in town, his name is Emilokan Asiwaju Jagaban

Jking20:
Only if it gets to the appropriate institutions, and that purpose which is supposed executed as I'll appreciate.
For now I reserve my comment

Any looter that falls into Tinubu's trap through this money will spend several years in prison.

Tinubu has been approving Money since he took over nothing has been disbursed

Sure my contract will be funded. Time to ball

Sounds like a lot of money, but in my opinion, universites need trillions of naira per annum, not billions.

The day I realized our universites needed more money than we were thinking of was the day when Wike and polytechnic teachers took a new salary regime they had agreed on in 2013 (back when Wike was minister of state for education)..to the Salaries and Wages commision, and the SWC told them to get out.(lol).

Also, in 2013, GEJ, and his ministar of labour told ASUU that the 2009 ASUU FG agreement was not feasible as agreed...and at the end ASUU agreed to a five year spread of part of the money.

And that was when we had high oil prices above 100 dollars per barrel.

At the end , universites need far far more money. More than we think they need. But the problem is, Nigerians are not that rich to pay high school fees, and also a university degree is the only way many people have out of poverty. Better to keep the status quo, and do periodic interventions.

At this point, Tinubu is showing that he has the political will to bring about a positive change.
Unfortunately, he lacks the stamina to see to it that it's implemented to the letter. Evil people in sensitive positions will loot this money. Even the 50% fare discount Tinubu declared, God Is Good Motors collected our names, paid some and looted the rest. Nigérians are devil incarnates.

This is why we need an energetic leader. Nigérians are fantastically corrupt and realising money isn't enough. You need on-the-spot assessment. This is the reason I like Peter Obi, Chibuike Amaechi, and Babagana Zulum. Even a monitoring team will be corrupted. Go there yourself and punish people for not doing the right thing. This is the only thing that can save this country.

Everything in Billions

Ehh, up Jagabandit till 2087

Noted.

Our ears can hear ,but our eyes can't see neither will our hands touch ,that is Nigeria for you

The criminals in his govt will not allow the money to achieve it's purpose.

Congrat

They should monitor those thieves....

Slow but steady win the race.

Nice one if properly implemented

I hope the VCs make proper utilization of the funds

Ok

To me ooo I think the president obviously has good intentions for Nigeria, it's just hard for now but will eventually get better.

Good move

nairalanda1:
Sounds like a lot of money, but in my opinion, universites need trillions of naira per annum, not billions.

The day I realized our universites needed more money than we were thinking of was the day when Wike and polytechnic teachers took a new salary regime they had agreed on in 2013 (back when Wike was minister of state for education)..to the Salaries and Wages commision, and the SWC told them to get out.(lol).

Also, in 2013, GEJ, and his ministar of labour told ASUU that the 2009 ASUU FG agreement was not feasible as agreed...and at the end ASUU agreed to a five year spread of part of the money.

And that was when we had high oil prices above 100 dollars per barrel.

At the end , universites need far far more money. More than we think they need. But the problem is, Nigerians are not that rich to pay high school fees, and also a university degree is the only way many people have out of poverty. Better to keep the status quo, and do periodic interventions.

Trillions from where
So how about other sectors?