Monday, August 11, 2025 - The Tertiary Education Trust Fund (TETFund) has listed various interventions across tertiary institutions in the country, saying it has received N1.6 trillion recently.
Chairman of TETFund’s governing board and former Katsina
State governor, Alh. Aminu Masari, disclosed this on Sunday in an interview
with newsmen in Katsina.
He said the fund, the highest in recent allocations, was
accrued from the three percent education tax imposed on company profits, as
stipulated by the TETFund Act.
Masari stated that 40 percent of the amount, representing
N460 billion, was earmarked for interventions across tertiary institutions
nationwide.
For state-level interventions, three institutions were
selected in each state – one university, one polytechnic and one College of
Education – to benefit.
“The interventions are demand-driven. Institutions write to
us, and we approve projects for them based on their needs and available
resources,” he explained.
Masari said N225 billion from the N1.6 trillion was released
to the Nigerian Education Loan Fund (NELFUND) for the Federal Government’s
students’ loan scheme.
Another N70 billion, he noted, was earmarked as energy
support for tertiary institutions to build solar or gas power generation facilities.
The board also allocated N25 billion to assist some
institutions in enhancing campus security.
“The institutions will use the funds for security-related
projects, such as installing street lights and similar facilities,” Masari
said.
According to him, TETFund has spent over N100 billion to
strengthen medical sciences training across tertiary institutions in Nigeria.
He said the funds were to improve the capacity of
institutions to train students in medical sciences, boosting manpower in the
healthcare sector.
Masari stressed that the interventions align with President
Bola Tinubu’s commitment to address healthcare manpower shortages caused by the
recent exodus of skilled medical professionals.
“The president is worried about this trend and its impact on
the healthcare system.
“He wants measures in place to enable recovery through deliberate
policies, such as this ongoing TETFund intervention,” he said.
Masari added that three tertiary institutions in each
geopolitical zone had received N4 billion each for medical sciences expansion
and infrastructure projects.
The aim, he said, is to double the number of doctors,
nurses, pharmacists, laboratory technicians and other professionals in
Nigeria’s healthcare system.
“This will greatly improve healthcare delivery nationwide,”
he stated.
Masari explained that TETFund carries out interventions
annually at state and zonal levels, ensuring its impact is spread nationwide
through high-impact projects.
He assured Nigerians that TETFund has a robust monitoring
and evaluation team, including consultants, to ensure released funds are used
strictly for approved projects
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