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The Tertiary Education Trust Fund (TETFund) has announced the commencement of the disbursement of the direct intervention funds approved by the federal government to public Universities, Polytechnics, and Colleges of Education in the country.

The Executive Secretary of the National University Commission (NUC), made the announcement at a Strategic Interactive Session for Heads of TETFund Beneficiary Institutions on Monday in Abuja.

TETFund disburses N1.5bn intervention fund to tertiary institutions

He stated that each beneficiary university gets an allocated fund of N642,848,138.00, each Polytechnic gets N396,780,086.00 while N447,758,804.00 is allocated to each College of Education in the Country for the year 2022.

According to Echono, the government is aware of the deficit and decay in the tertiary education sub-sector and as such, desires to develop human capital to service the various sectors of the Nigerian economy.

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