Buhari approves N161bn for 2019 TETFund interventions in varsities, others
Published January 4, 2019

President Muhammadu Buhari has approved
N161bn for the 2019 Tertiary Education Trust Fund Intervention activities in Nigerian universities, polytechnics and colleges of education. The Executive Secretary, TETFund, Dr. Abdullahi Baffa, disclosed this in Abuja on Friday at a news conference. Baffa explained that the approval of TETFund 2018 Intervention Guidelines of N161bn represented the education tax collection for 2017, which was a boost to the higher education institutions in the country. He stated that the money had been allocated to eligible institutions for 2019 intervention activities in accordance with the provisions of the TETFund Act 2011. He explained that each public university would get an allocation of N785,832,700, while each polytechnic would be given N536,703,502 from the N161bn. He also noted that each college of education
would get N510,084,900 of the amount .

‘‘ The approval of the 2018 Intervention by President Muhammadu Buhari in December 2018 heralds the commencement of the 2019 TETFund Intervention activities. ‘‘ The approved N161 billion has been allocated to eligible institutions for 2019 Intervention activities in accordance with the provisions of the TETFund Act 2011. ‘‘ Consequently, each public university will get an allocation of N785,832,700; each public polytechnic N536,703,502; and each college of education will get an allocation of N510,084,900
respectively, ’’ he said.

Baffa added that detailed breakdown of the allocations would be released after the fund would have communicated the allocation letters to the institutions. He, therefore, called on all institutions that are entitled to come to the Fund’ s head office to collect their allocation letters from Monday, January 7. The executive secretary further said the fund would focus on providing essential physical infrastructure for teaching and learning, providing support research and publication and instructional materials and equipment. He said other area of focus was funding to support academic staff training and development, as well as funding to support the maintenance of educational standards in the institutions.
‘‘ In 2018, the fund fully implemented the 2017 Revised Guidelines for accessing Intervention funds by beneficiary institutions to ease the processes of submission and approval of projects proposals for the various Intervention lines of the fund.

Source: The punch

Lol

When and where, last time this news came up ASUU denied it.

That old JoJo song come to mind

"Too little too late"

Useless president

Amen, in jesus name

Make the strike continue

I never get money wey I go take go back

everything in Nigeria just need restructuring but who is read to restructure it.

Bia OP you want us to eat this ur rice without "sauce" abii......MTCHEEWWW

hmm when am thinking of going to cotonou to study

Another soup don land

Do you need instagram and twitter followers/likes? Do you need youtube subscribers/views? Then you must read my signature below.

I pray make the strike still continue coz money no der yet to pay sch fees Assu keep on the fight no accept anything yet ooo....

nigeria before and after buhari

drop money first!