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Tinubu Approves ₦‎683 Billion As Intervention Fund For Tertiary Institutions - Politics (2) - Nairaland

Nairaland Forum / Nairaland / General / Politics / Tinubu Approves ₦‎683 Billion As Intervention Fund For Tertiary Institutions (10164 Views)

Tinubu Approves ₦35,000 Wage Award To Civil Servants / President Tinubu Approves Adjustment Of 25% Peculiar Allowance For Health Worker / Coronavirus: FG Seeks National Assembly’s Approval For N500bn Intervention Fund (2) (3) (4)

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Re: Tinubu Approves ₦‎683 Billion As Intervention Fund For Tertiary Institutions by nstore: 8:30am On Jan 13
Re: Tinubu Approves ₦‎683 Billion As Intervention Fund For Tertiary Institutions by nairalanda1(m): 8:32am On Jan 13
stanliwise:

Trillions from where
So how about other sectors?

That is why I have never been a fan of any government in nigeria. They have no idea to raise more funds, diversify, and end damaging economic ideas like subsides. And they do not fight corruption.

Universites are expensive. Either government pours in a ton of money, or we pay fees as high as 5-10 milllion per annum. Nairawise.
Re: Tinubu Approves ₦‎683 Billion As Intervention Fund For Tertiary Institutions by RomanceMoney(m): 8:36am On Jan 13
LegendHero:
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.


I know the man that you speak of.


During My CSC Classes in Year 2, Alot of Rumours about this embezzlement was being spread.


Great Futarian....!

7 Likes

Re: Tinubu Approves ₦‎683 Billion As Intervention Fund For Tertiary Institutions by Lanre1st(m): 8:39am On Jan 13
Scam
Re: Tinubu Approves ₦‎683 Billion As Intervention Fund For Tertiary Institutions by Lifeinlight: 8:40am On Jan 13
Dapson73:





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?

Tinubu claimed to have approved Npower beneficiaries 9 months outstanding stipend, but only one month was paid and not everyone got even the one month

Tinubu approved payment of 35k for FG workers, spanning six months or thereabouts, but only one month was paid not until the outcry and callout before another one month was being paid. Making it just 2 months after several months of approval. Don't forget, not every FG workers received the payment

Tinubu claimed he has approved 50% transportation cost during festive season, particularly, the Southeastern part of Nigeria. Sadly, none of my neighbors benefited from it throughout their journey to east (to and fro)

The palliative given to those corrupt senators and house of rep members approved by your president, none was given to the masses in their various constituents. I wasn't surprised about this though. If they could hoard palliative given to them by the UN during covid then this should be nothing to the poor masses

I can always go on and on sir

3 Likes 1 Share

Re: Tinubu Approves ₦‎683 Billion As Intervention Fund For Tertiary Institutions by RomanceMoney(m): 8:41am On Jan 13
They Should Just Give Me The 3Billion On Top The 683 Billion.


Lobatan...!


I go plant palm trees from Ado-Ekiti To Igede Ekiti.

2 Likes 1 Share

Re: Tinubu Approves ₦‎683 Billion As Intervention Fund For Tertiary Institutions by Alajiki(m): 8:42am On Jan 13
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.

Why don't you supply your account number to the ministry of education or accountant-general so that the entire fund could be disbursed into your account so you could confirm.

2 Likes

Re: Tinubu Approves ₦‎683 Billion As Intervention Fund For Tertiary Institutions by Realist777: 8:45am On Jan 13
LegendHero:
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.
Please permit me to tell you that you are one of the facilitator to corruption in this country.
How could you see something like that and keep mute? You should have tried your best to make it public and other janky-ass mutherfuckers would learn a lesson or two

4 Likes

Re: Tinubu Approves ₦‎683 Billion As Intervention Fund For Tertiary Institutions by Terrahawk: 8:46am On Jan 13
Well done president Tinubu 👏🏼👏🏼👏🏼👏🏼 for the significant increase. You are doing very well. Slowly but surely you will have a significant positive impact on the country at this rate. We support this 💯. Kudus to you Sir. Keep it up. Onwards and upwards for Nigeria.

3 Likes

Re: Tinubu Approves ₦‎683 Billion As Intervention Fund For Tertiary Institutions by zomoears(m): 8:48am On Jan 13
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.

TETFUND is funded by tax at the rate of 2 percent charged on the assessable profit of a company registered in Nigeria. TETFUND budget is different from that of the Ministry of education

2 Likes

Re: Tinubu Approves ₦‎683 Billion As Intervention Fund For Tertiary Institutions by Evolutionism: 8:54am On Jan 13
Most if not all will still end in private pockets.
Re: Tinubu Approves ₦‎683 Billion As Intervention Fund For Tertiary Institutions by Funkyswagzz(m): 8:54am On Jan 13
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

Seems something touched his mind and he changed course. He made a very bad call from the beginning now he has re-traced his steps. I wish him well and I love the fact that he listens to obi's ideas
Re: Tinubu Approves ₦‎683 Billion As Intervention Fund For Tertiary Institutions by iswallker(m): 8:54am On Jan 13
Dapson73:





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?


A paltry 35000 is two months behind in payment

Withheld salaries of university workers also approved no payment

25 percent salary increment for university workers approved and in 2023 budget no single payment 12 Months in arrears

This list is the university system alone...the list is endless if you look at other sectors ....

1 Like 1 Share

Re: Tinubu Approves ₦‎683 Billion As Intervention Fund For Tertiary Institutions by LEGALSER: 8:57am On Jan 13
LegendHero:


By Dada Olusegun On X (Formerly called Twitter)

One kleptomeniac finger now go embezzle 60 billion out of it and come dey live large then some hungry men and women go come Nairaland dey create thread to hail them. Naija grin grin cheesy grin
Re: Tinubu Approves ₦‎683 Billion As Intervention Fund For Tertiary Institutions by Vicana: 8:59am On Jan 13
LegendHero:


By Dada Olusegun On X (Formerly called Twitter)

This is good. When things like this happens and well implemented, it will be clear where subsidy money is going into for investment into a better Nigeria.

1 Like

Re: Tinubu Approves ₦‎683 Billion As Intervention Fund For Tertiary Institutions by Rolings: 9:03am On Jan 13
LegendHero:
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.

The same thing an HOD did to my in law who was his deputy. When my inlaw found out he ate $60k meant for both of them alone he went mad resigned as his deputy..... Corruption in our high institutions of learning is very big and deep..... And see the way ASUU is enabling such with their fight with government over IPPIS which they eventually had their way.....so nobody should expect corruption in high institutions to end soon

2 Likes 1 Share

Re: Tinubu Approves ₦‎683 Billion As Intervention Fund For Tertiary Institutions by tollyboy5(m): 9:19am On Jan 13
LegendHero:
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.
You're a futa alumni
Re: Tinubu Approves ₦‎683 Billion As Intervention Fund For Tertiary Institutions by tollyboy5(m): 9:29am On Jan 13
Lifeinlight:
Tinubu claimed to have approved Npower beneficiaries 9 months outstanding stipend, but only one month was paid and not everyone got even the one month

Tinubu approved payment of 35k for FG workers, spanning six months or thereabouts, but only one month was paid not until the outcry and callout before another one month was being paid. Making it just 2 months after several months of approval. Don't forget, not every FG workers received the payment

Tinubu claimed he has approved 50% transportation cost during festive season, particularly, the Southeastern part of Nigeria. Sadly, none of my neighbors benefited from it throughout their journey to east (to and fro)

The palliative given to those corrupt senators and house of rep members approved by your president, none was given to the masses in their various constituents. I wasn't surprised about this though. If they could hoard palliative given to them by the UN during covid then this should be nothing to the poor masses

I can always go on and on sir
LegendHero
Are you seeing this?
During the time of buhari sometimes cbn will decide not to pay pemtionaiires and nothing will happen.
When my uncle won Lagos state scholarship bursary many years ago he struggled to get paid and was only paid part.

Two year bursary was not paid to me from Lagos state scholarship board.

Those stealing public funds need capital punishment
Re: Tinubu Approves ₦‎683 Billion As Intervention Fund For Tertiary Institutions by Chicagograduate(m): 9:29am On Jan 13
Student loan never start to take effect?
Re: Tinubu Approves ₦‎683 Billion As Intervention Fund For Tertiary Institutions by Fearyourcreator: 9:35am On Jan 13
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.



I always tell people that they don't really know how much runs the government and so many things... Top schools runs annually on billion dollars Budget... Country as populated like Nigeria needs close to or a trillion dollars Budget annually... Some go see billions in naira go dey make noise... That money is big for individual but very very small for millions of people

1 Like 1 Share

Re: Tinubu Approves ₦‎683 Billion As Intervention Fund For Tertiary Institutions by CHAQUR: 9:42am On Jan 13
Income & expenditure monitoring teams (efcc, icpc) should swing in... Every kobo to its target.
Re: Tinubu Approves ₦‎683 Billion As Intervention Fund For Tertiary Institutions by PJ123: 9:46am On Jan 13
stanliwise:

Trillions from where
So how about other sectors?

Don't mind him/her.
As if only universities de Nigeria. The money that would looted by the those criminals in Ivory Tower.
Re: Tinubu Approves ₦‎683 Billion As Intervention Fund For Tertiary Institutions by DaddyCash: 9:48am On Jan 13
I hope VCs would not misappropriate this money? undecided

There should be a proper motoring system to checkmate misappropriation.
Re: Tinubu Approves ₦‎683 Billion As Intervention Fund For Tertiary Institutions by commoditiesnig: 9:52am On Jan 13
LegendHero:


By Dada Olusegun On X (Formerly called Twitter)
Very good news. We hope the Unis will utilize them appropriately

1 Like

Re: Tinubu Approves ₦‎683 Billion As Intervention Fund For Tertiary Institutions by victorDanladi: 9:58am On Jan 13
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

The woman is very disappointing!

Jagun jagun-she said nothing
Lion of judah-she said nothing
Burna boy,davido,rema and asake dey break records-she said nothing.

She hasn't done any meeting with the stake holders in the entertainment industry the skit makers,the musicians,the actors etc...I have never been in support of her,I saw her as someone that lacks the understanding of the industry
Re: Tinubu Approves ₦‎683 Billion As Intervention Fund For Tertiary Institutions by jaxxy(m): 10:15am On Jan 13
very vague info
Re: Tinubu Approves ₦‎683 Billion As Intervention Fund For Tertiary Institutions by Winning123: 10:18am On Jan 13
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.


Pay your tax always then, if you want government to spend trillions on universities.



Re: Tinubu Approves ₦‎683 Billion As Intervention Fund For Tertiary Institutions by nairalanda1(m): 10:20am On Jan 13
Winning123:
Pay your tax always then, if you want government to spend trillions on universities.

LOL...I pay my taxes. Do you, son?
Re: Tinubu Approves ₦‎683 Billion As Intervention Fund For Tertiary Institutions by Tareq1105: 10:35am On Jan 13
LegendHero:
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 hope the VCs, Rectors, and Provosts of our institutions would make judicious use of the monies for the betterment of our educational institutions.
Re: Tinubu Approves ₦‎683 Billion As Intervention Fund For Tertiary Institutions by Tareq1105: 10:38am On Jan 13
victorDanladi:


The woman is very disappointing!

Jagun jagun-she said nothing
Lion of judah-she said nothing
Burna boy,davido,rema and asake dey break records-she said nothing.

She hasn't done any meeting with the stake holders in the entertainment industry the skit makers,the musicians,the actors etc...I have never been in support of her,I saw her as someone that lacks the understanding of the industry

She's been given a mandate and all these you listed are there.
Re: Tinubu Approves ₦‎683 Billion As Intervention Fund For Tertiary Institutions by damkin24(m): 10:39am On Jan 13
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.
I can deduced from your comment that you are allergic to anything positive from Tinubu and his government.

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