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Tinubu Approves N683.4Bn For Varsities, Poly, COE in 2024

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President Bola Ahmed Tinubu has approved the sum of N683,429,268 billion as the 2024 Intervention Funds for public tertiary education institutions in the country. The Executive Secretary of  Tertiary Education Trust Fund (TETFund), Sonny Echono, disclosed this on Friday, during the Fund’s Strategic planning meeting with heads of beneficiary institutions in Abuja. Echono said from the total, 90.75 % is budgeted for direct disbursement and 8.94 % for some designated special projects. A stabilization of 2.27 % is allowed to enable the Fund respond to emerging issues.  He also disclosed that each University shall get, for the Year 2024 intervention cycle, the total sum of N1,906,944,930.00, each Polytechnic N1,165,355,235.00 while each College of Education shall get N1,398,426,282.00. This year's intervention witnessed a boost as compared to last year where over N320 billion was disbursed. It would be recalled that the 2023 intervent...