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FG Approves ₦6Bn Intervention Fund For Universities, Polytechnics, Colleges - Politics - Nairaland

Nairaland ForumNairaland GeneralPoliticsFG Approves ₦6Bn Intervention Fund For Universities, Polytechnics, Colleges (6333 Views)

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FG Approves ₦6Bn Intervention Fund For Universities, Polytechnics, Colleges by Putindbutt(op): 3:56pm On Jan 15
The Tertiary Education Trust Fund (TETFUND) has announced plans to disburse N6.452 billion to 271 public tertiary institutions across Nigeria under its 2026 intervention cycle.

According to a statement by the agency, the funds are aimed at improving physical infrastructure, strengthening academic programmes, and supporting research and innovation in the country’s higher education sector.

the Executive Secretary of TETFund,
Sunny Echono, disclosed this on Tuesday in Abuja while reading out the figures at the Fund’s annual disbursement meeting.

According to Echono, each category of institution will receive substantial funding to support infrastructure, research and academic development.

He said, “Each university will receive a total of ₦2,525,932,228.02, while polytechnics will receive ₦1,871,059,920.53 each. Colleges of education will get ₦2,056,527,973.04 each.”

He added that the 2026 intervention cycle is structured around direct disbursements and designated projects.

“A breakdown of the disbursement cycle shows that 90.75 per cent is allocated to total direct disbursement, made up of 50 per cent annual direct disbursement and 40.75 per cent special direct disbursement.

“Designated projects account for 9.07 per cent, while stabilisation funds stand at 0.18 per cent, ” he said.


The TETFUND boss said the agency will continue investing in research laboratories, ICT development, agricultural facilities, and security infrastructure, while also strengthening partnerships with the private sector to improve student exposure and skills development.

Echono urged institutions to fully utilise their 2025 allocations, warning that schools with unspent funds may not qualify for future disbursements.

He added that future funding will be based on performance, enrolment, and effective utilisation of allocated resources.

He further identified delays in project approvals, procurement processes, and poor use of the TERAS platform as challenges faced in previous cycles, calling on institutions to address these issues promptly to ensure smooth implementation in 2026.

He commended President Tinubu for approving the guidelines, noting that the move aligns with the administration’s Renewed Hope Agenda to reposition Nigeria’s tertiary education system.

According to Echono, the funds are designed to enhance infrastructure development, improve teaching and learning, and boost research output across universities, polytechnics, and colleges of education.


He also announced the introduction of a new intervention line for 2026 known as the Nigerian Research and Education Network (NgREN), which aims to expand access to global academic resources and integrate the TERAS digital platform into the network.

On digital infrastructure, he added, “Our ICT roadmap will be further strengthened with expanded digital services, ICT Experience Centres, subscription-based internet access, and the continued advancement of the Tertiary Education Research Application Services, TERAS.”

Echono disclosed that TETFund had introduced a new intervention line for 2026 known as the Nigerian Research and Education Network (NgREN).


He explained that the initiative is designed to improve access to global academic resources and integrate the TERAS platform into NgREN from 2026.

“We are also expanding the special intervention projects to cover the establishment of Centres for Robotics, Coding and AI Machine Learning, as well as Centres for Cybersecurity Studies in selected beneficiary institutions,” he said.


The TETFund boss announced that 12 additional institutions would benefit from the commercial farm project.

“These will include two universities, eight polytechnics, and two colleges of education, ” he stated.


He added that the Fund would sustain the equipping and upgrading of research and development offices and continue student hostel development through Public-Private Partnerships.

Echono also commended the Federal Inland Revenue Service for its role in the collection of education tax.

“Let me extend our sincere gratitude to the Federal Inland Revenue Service and its leadership for the collection of Education Tax in 2025,” he said.

He expressed optimism that the new development levy under Nigeria’s revised tax regime would further strengthen TETFund’s capacity to deliver on its mandate.

As preparations begin for the 2026 intervention cycle, Echono urged beneficiary institutions to ensure full utilisation of their 2025 allocations.

“As we prepare to commence the 2026 intervention cycle, I urge all Heads of Beneficiary Institutions to ensure the full utilisation of their 2025 allocations,” he said, expressing confidence that 2026 would deliver “strengthened capacity, innovation, and measurable impact” across the tertiary education sector.
https://www.legit.ng/education/1692343-how-universities-polytechnics-colleges-share-n645bn-tetfund-intervention/

Re: FG Approves ₦6Bn Intervention Fund For Universities, Polytechnics, Colleges by sofeo(m): 4:03pm On Jan 15
Alright then.

Hopefully the momentum continues, and not until ASUU begins to threaten the govt. that another one is disbursed out.
Re: FG Approves ₦6Bn Intervention Fund For Universities, Polytechnics, Colleges by Putindbutt(op): 4:04pm On Jan 15
He expressed optimism that the new development levy under Nigeria’s revised tax regime would further strengthen TETFund’s capacity to deliver on its mandate.
But ignorant wailers and Bitter Obidients are crying about the tax reforms that will further strengthen the Education sector. The problem with these wailers is that they hardly read, do their own findings or read policy documents. They simply log onto social media, pick up whatever narratives that suit them and start repeating it WITHOUT THINKING AND VERIFYING.

Have you seen ASUU come out to condemn the tax laws?. Sensible people are only laughing at the ignorant mobs crying about the tax laws they know absolutely nothing about. Poor people crying over a policy that will benefit the poor.

That was how they were also misleading the public that TETFUND will be eliminated under the new tax law. All manner of lies and misinformation against the tax law. Indeed, politics has exposed the level of HighQ of an average Nigerian.
Re: FG Approves ₦6Bn Intervention Fund For Universities, Polytechnics, Colleges by helinues:
This current government actually focus on funding the educational sector which is something good

The opposition better know how to approach people towards 2027 as Nigerians can beat them if they make any attempt of undermining the projects people have seen or experienced under this government
Re: FG Approves ₦6Bn Intervention Fund For Universities, Polytechnics, Colleges by GOFRONT(m): 4:06pm On Jan 15
Hopefully, those Rectors and VCs make good utilization of the funds........Not to pocket it for their personal aggrandizement.
Re: FG Approves ₦6Bn Intervention Fund For Universities, Polytechnics, Colleges by Goo0dHardDick: 4:12pm On Jan 15
Massive cash out for the education minister and others involved.

Looting Pro max
Re: FG Approves ₦6Bn Intervention Fund For Universities, Polytechnics, Colleges by Goo0dHardDick: 4:13pm On Jan 15
GOFRONT:
Hopefully, those Rectors and VCs make good utilization of the funds........Not to pocket it for their personal aggrandizement.
The education minister will take his own share and then the VC will take their own. Everyone will loot in peace 🕊️✌️
Re: FG Approves ₦6Bn Intervention Fund For Universities, Polytechnics, Colleges by Commonguy(m): 4:35pm On Jan 15
This na big step for Nigerian education, e go boost research, infrastructure, and student welfare well well. If they use the funds wisely, 2026 will truly show capacity, innovation, and real impact across campuses.
Re: FG Approves ₦6Bn Intervention Fund For Universities, Polytechnics, Colleges by LabStores: 4:37pm On Jan 15
Why is colleges of education receiving so much?
How many colleges of education do we have compared to universities?
Re: FG Approves ₦6Bn Intervention Fund For Universities, Polytechnics, Colleges by MYKELDAYO(m): 4:38pm On Jan 15
Putindbutt:
https://www.legit.ng/education/1692343-how-universities-polytechnics-colleges-share-n645bn-tetfund-intervention/
The problem is not Federal government disbursing and Identifying the main key issues.
it is if the money will be used appropriately for the so called purpose and get the required result.
Re: FG Approves ₦6Bn Intervention Fund For Universities, Polytechnics, Colleges by Flame333: 4:41pm On Jan 15
You can look at the nonsense money they give to education but solar power will consume 100 billion
Re: FG Approves ₦6Bn Intervention Fund For Universities, Polytechnics, Colleges by parags(m): 4:43pm On Jan 15
What kind of journalism is this ? Why make it sound like it is 6.45 billion to be shared by all ? Now it is 2 billion plus for universities . That is small sha for universities but atleast something is being done . Hopefully things will get better
Re: FG Approves ₦6Bn Intervention Fund For Universities, Polytechnics, Colleges by Tareq1105: 4:43pm On Jan 15
Goo0dHardDick:
The education minister will take his own share and then the VC will take their own. Everyone will loot in peace 🕊️✌️
That's your thinking in your room.
Re: FG Approves ₦6Bn Intervention Fund For Universities, Polytechnics, Colleges by grandstar(m): 4:44pm On Jan 15
6bn is rather small. It isn't much.
Re: FG Approves ₦6Bn Intervention Fund For Universities, Polytechnics, Colleges by kunzyomi(m): 4:45pm On Jan 15
6bn for over 200 schools
40bn for CCTV center for 3rd mainland bridge
Re: FG Approves ₦6Bn Intervention Fund For Universities, Polytechnics, Colleges by FreeStuffsNG: 4:46pm On Jan 15
Putindbutt:
He said, “Each university will receive a total of ₦2,525,932,228.02, while polytechnics will receive ₦1,871,059,920.53 each. Colleges of education will get ₦2,056,527,973.04 each.”
https://www.legit.ng/education/1692343-how-universities-polytechnics-colleges-share-n645bn-tetfund-intervention/
The total should be more than N6 billion
Re: FG Approves ₦6Bn Intervention Fund For Universities, Polytechnics, Colleges by TheStoriesOfMan: 4:47pm On Jan 15
Fantastic!

More funds to loot and marry plenty women.

No be Nigerian lectures again? Tor
Re: FG Approves ₦6Bn Intervention Fund For Universities, Polytechnics, Colleges by TheStoriesOfMan: 4:49pm On Jan 15
kunzyomi:
6bn for over 200 schools
40bn for CCTV center for 3rd mainland bridge
Abobi, you dey observe Wetin I dey observe?

These leaders are not ready to invest in education to liberate the people.
Re: FG Approves ₦6Bn Intervention Fund For Universities, Polytechnics, Colleges by TheStoriesOfMan: 4:50pm On Jan 15
LabStores:
Why is colleges of education receiving so much?
How many colleges of education do we have compared to universities?
COE's produces the teachers that teaches the young talents of Nigeria.

The Federal Government needs to build more so that we can have a steady manpower of quality teachers.
Re: FG Approves ₦6Bn Intervention Fund For Universities, Polytechnics, Colleges by TheStoriesOfMan: 4:51pm On Jan 15
GOFRONT:
Hopefully, those Rectors and VCs make good utilization of the funds........Not to pocket it for their personal aggrandizement.
I know one VC that will use it to pay the bride price of one of his concubines.

He's a VC of a university in the SouthSouth.
Re: FG Approves ₦6Bn Intervention Fund For Universities, Polytechnics, Colleges by SenecaTheYonger: 4:54pm On Jan 15
6Bn for the whole university. But they spend 19Bn just to lobby USA against Christian genocide
Re: FG Approves ₦6Bn Intervention Fund For Universities, Polytechnics, Colleges by bizzibodi(m): 4:54pm On Jan 15
But #43 bn for 3MB.
Please take a moment to write a quality post with at least 20 characters.
This will make the forum more interesting for everyone.
Re: FG Approves ₦6Bn Intervention Fund For Universities, Polytechnics, Colleges by bizzibodi(m): 4:57pm On Jan 15
But #43bn for 3MB & #100bn for asshole rock solar.Please take a moment to write a quality post with at least 20 characters.
This will make the forum more interesting for everyone.
Re: FG Approves ₦6Bn Intervention Fund For Universities, Polytechnics, Colleges by Oakenshield: 4:57pm On Jan 15
Yet ignoring JOHESU so the strike must continue
Re: FG Approves ₦6Bn Intervention Fund For Universities, Polytechnics, Colleges by Antoeni(m): 4:59pm On Jan 15
Tinubu Engaged U.S.$9million Lobbying firms to counter international narratives of "Christian genocide" in Nigeria and maintain U.S. support against terrorism.

See How Much He is Allocating For Education

The Tertiary Education Trust Fund (TETFUND) has announced plans to disburse N6.452 billion to 271 public tertiary institutions across Nigeria under its 2026 intervention cycle.
Re: FG Approves ₦6Bn Intervention Fund For Universities, Polytechnics, Colleges by Putindbutt(op):
SenecaTheYonger:
6Bn for the whole university. But they spend 19Bn just to lobby USA against Christian genocide
TheStoriesOfMan:
Abobi, you dey observe Wetin I dey observe?

These leaders are not ready to invest in education to liberate the people.
kunzyomi:
6bn for over 200 schools
40bn for CCTV center for 3rd mainland bridge
grandstar:
6bn is rather small. It isn't much.
TheStoriesOfMan:
Are you done defending?

1 more character needed.
PrincessDiana:
N6,452,000,000
÷
271
= 23,808,118.081181

That's 23 million, 8 hundred thousand naira.
Haba! This is sheer wickedness.

What will a whole higher institution use N24,000,000 naira for that will make sense?

This government should try and fear God.
Ignorance!!!. This is an intervention fund, there's already a budget for Education. There are still other intervention like TISSF, UBEC that provides a certain percentage of consolidated revenue to primary Education and Teachers at state and local government levels. All of these running into multiple billions of naira yearly.

But you're so ignorant that everything has to be criticized yet you know absolutely nothing. I think we should be collecting phones from kids as this level of ignorance is so disgraceful.
Re: FG Approves ₦6Bn Intervention Fund For Universities, Polytechnics, Colleges by Ahayalift: 5:02pm On Jan 15
Ok. 21. Please spell words correctly when you post, and try to use perfect grammar and punctuation.
Re: FG Approves ₦6Bn Intervention Fund For Universities, Polytechnics, Colleges by AntiChristian: 5:02pm On Jan 15
Too much money!

Obi would soon say the money is not enough!

He spent much more in Anambra educational sector during his tenure!
Re: FG Approves ₦6Bn Intervention Fund For Universities, Polytechnics, Colleges by TheStoriesOfMan: 5:02pm On Jan 15
Putindbutt:
Ignorance!!!. This is an intervention fund, there's already a budget for Education. There are still other intervention like TISSF, UBEC that provides a certain percentage of consolidated revenue to primary Education and Teachers at state and local government levels.
Are you done defending?

1 more character needed.
Re: FG Approves ₦6Bn Intervention Fund For Universities, Polytechnics, Colleges by Josywhyte: 5:03pm On Jan 15
Some group of people will still embezzle this money and put or send it to designated schools
Re: FG Approves ₦6Bn Intervention Fund For Universities, Polytechnics, Colleges by Bluntemperor: 5:05pm On Jan 15
sofeo:
Alright then.

Hopefully the momentum continues, and not until ASUU begins to threaten the govt. that another one is disbursed out.
ATTENTION PRESIDENT TINUBU:
•God bless TINUBU,as he is Re- Positioning the University and Technical Education,in Nigeria!
•But question ⁉️ remains:
HOW DO WE VERIFY TETHFUND MONEY AND PROJECTS? question ❓.
1- How Do Govt Ensures Accountability and Transparent 🪟 Disbursement of The FUNDS?•For these Money 💰 Given - because Many of these Schools OFFICIALS -Are Prone To Corruption too- by Altering the Projects Designs for Selfish and Greedy Reasons.
2- Who and By How Is The Control Systems Placed in Our Tertiary Education -Institution - Without the Internal-Contol being Violated ,as times goes on?
3- Can We See the Real Projects BEING Embarked Upon By The Individuals Institution On Yearly Basis?,
4- For Yearly Verification-Would there be Other External Assessments of the Projects,
- With Certifications Submitted and Duly Filled,
•5.For Someone Must Be Responsible and Liable For Dereliction Of Duty- In Our Tertiary Institutions!
Re: FG Approves ₦6Bn Intervention Fund For Universities, Polytechnics, Colleges by Saao(m): 5:15pm On Jan 15
6b for universities, polytechnics and colleges of education meanwhile 10b for Hajj I read earlier. Our priorities depend on our allocations
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