The federal government through the Tertiary Education Trust Fund (TETFund) allocated a total of N727 billion (N727,225,862,128.86) worth of investment in critical areas of infrastructure development in Nigerian tertiary institutions, an official said.
Adamu Adamu, Minister of Education, disclosed this during the Sixth Edition of the Ministerial Press Briefing in Abuja. He said the intervention was for public universities, polytechnics and colleges of education from 2015 to date.
Mr Adamu noted that the intervention was specifically for physical infrastructure, project maintenance, Information and Communication Technology (ICT) support, entrepreneurship, library development, special high impact projects, research, academic staff training and development among others.
“Our focus for today’s briefing is on Federal Government’s intervention in critical areas of tertiary education in the life of the Buhari administration in the last four years.
During the period under review, the Federal Government through the instrumentality of the Tertiary Education Trust Fund (TETFund) allocated a total of N727, 225,862,128.86 billion worth of investment in critical areas of infrastructural development in our tertiary institutions.
“Especially in physical infrastructure, project maintenance, Information and Communication Technology (ICT) support, Entrepreneurship, Library development and special high impact projects, Academic Staff Training and Development, and Research among others.
According to him, a breakdown of the funding efforts by the federal government indicates that in 2015, each public university, both federal and states, was allocated N337 million.
He said when multiplied by 74 universities that benefited, it gave the total allocation to public universities as N24.93 billion for that year.
PREMIUMTIMES
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