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. The Executive Secretary of Tertiary Education Trust Fund (TETFund), Sonny Echono, disclosed this on Friday during the Fund’s strategic planning meeting with heads of beneficiary-institutions in Abuja. Echono said from the total, 90.75% was budgeted for direct disbursement and 8.94% for some designated special projects.
A stabilization of 2.27% was allowed to enable the Fund respond to emerging issues. He also disclosed that each University shall get for the Year 2024 intervention cycle, the total sum of N1,906,944,930.00, each Polytechnic N1,165,355,235.00 LEADERSHIP reports that this year’s intervention witnessed a boost as compared to last year, which saw the disbursement of over N320billion. It would be recalled that the 2023 intervention cycle saw each university receiving N1,154,732,133.00; Polytechnic – N699,344,867.00, while each College of Education got N800,862,602. Echono said, “I am pleased to inform you that Mr