TETFund set to disburse intervention funds to tertiary Institutions

Zakaa Lazarus, Abuja.

The newly appointed Executive Secretary, Tertiary Education Trust Fund (TETfund), Arc Sonny Echono, on Monday disclosed that the fund will soon commence the disbursement of annual direct intervention of the Year 2022.

TETFund boss made this disclosure during a meeting with heads of TETFund beneficiary institutions in Abuja.

He said: “The disbursement for the annual direct intervention in the Year 2022 approved guidelines are summarized as follows, N642,848,138.00 to each University, N396,780,086.00 to each Polytechnic and N447,758,804.00 to each College of Education.

“The letters of allocation for the annual direct intervention shall be released to you at this meeting, while the allocations for special interventions will be released appropriately in due course.

Echono also assured a good working relationship with relevant stakeholders in order to reposition the Fund for optimum performance.

He said:”I had the privilege to be on the Board of the Fund as Permanent Secretary of the Federal Ministry of Education and therefore conversant with the operations and activities of the Fund.

“As I said in my speech when I took over as Executive Secretary of the Fund, I will build on the successes of my predecessors in the various areas of intervention and will continue to support all critical areas including research, innovation and entrepreneurship education.

On his part, the Permanent Secretary, Federal Ministry of education, David Adejo, charged the
Executive Secretary of TETfund to shun any form of misconduct that can tarnish the image of the fund.

The meeting had in attendance heads of tertiary institutions which include: National University Commission (NUC), National Commission for Colleges of Education(NCCE), among others