TETFund: UNICAL, CRUTECH to receive N1.94B each, COE Akamkpa, etc to receive N679M

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Efio-Ita Nyok|22 February 2017
Tertiary academic institutions in the Cross River will be receiving an unprecedented financial largesse from
the Tertiary Trust Fund (TETFund), 2016 intervention budget of N213.4 billion NegroidHaven has learnt. It’s unprecedented because the approved sum is reportedly the highest ever to be distributed to the tertiary schools.
On Monday 20 February Abdullahi Baffa, the Executive Secretary, TETFund, disclosed this at a news briefing in Abuja. Giving a breakdown of the budget, he said each of the 40 federal universities, UNICAL inclusive and 34 state universities including CRUTECH will receive the sum of N1.94 billion.
According to the News Agency of Nigeria (NAN) Mr Baffa added that each of the 54 public polytechnics would get N691 million while each of the 55 colleges of education will receive N679 million.
He said this was the biggest ever annual Mr Baffa added that each of the 54 public polytechnics would get N691 million while each of the 55 colleges of education will receive N679 million.
He said this was the biggest ever annual disbursement given to any beneficiary institution since the establishment of TETFund. 
He said this was the biggest ever annual disbursement given to any beneficiary institution since the establishment of TETFund.
In 2010 for instance UNICAL/CRUTECH like every other university was given N303 million, polytechnics were given N216 million and COE, Akamkpa, Federal College of Education (FCE) Obudu and other colleges of education in the country were given N157 million. Again, in 2012 universities got N595 million, polytechnics N337 million and colleges of education N319million.
In 2015 universities were gi‎ven N337 million. Polytechnics were given N 250 million and colleges of education N227 million.
‘What was given this year is more than three times what was allocated in the previous year,’ he said.
The executive secretary said that in a bid to ensure that institutions were manned by scholars that have terminal degrees the fund had placed a high premium for them to have scholarships to study for higher degrees.
‎’That is why academic staff training and development is allocated N300 million for universities and N200 million each for polytechnics and colleges of education respectively,’ he added.
Mr Baffa said the fund will ensure it monitored the allocation disbursed to each institutions to ensure the fund was judiciously utilised.
Efio-Ita Nyok
Is a Blogger, the Editor & Publisher of NegroidHaven.org