President Muhammadu Buhari has
approved N161 billion for the 2019 Tertiary Education Trust Fund (TETFund)
Intervention activities in Nigerian universities, polytechnics and colleges of
education.
The Executive Secretary, TETFund,
Dr Abdullahi Baffa, made the disclosure in Abuja on Friday at a news conference
with journalists.
Baffa explained that the approval
of TETFund 2018 Intervention Guidelines of N161 billion represented the
education tax collection for 2017, which was a boost to the higher education
institutions in the country.
Baffa explained that each public
university would get an allocation of N785,832,700, while each polytechnic
would be given N536,703,502 from the N161 billion.
He also noted that each college
of education would get N510,084,900 of the amount.
‘‘The approval of the 2018
Intervention by President Muhammadu Buhari in December 2018 heralds the
commencement of the 2019 TETFund Intervention activities.
‘‘The approved N161 billion has
been allocated to eligible institutions for 2019 Intervention activities in
accordance with the provisions of the TETFund Act 2011.
‘‘Consequently, each public
university will get an allocation of N785,832,700; each public polytechnic
N536,703,502; and each college of education will get an allocation of
N510,084,900 respectively,’’ he said.
Baffa added that detailed
breakdown of the allocations would be released after the fund would have
communicated the allocation letters to the institutions.
He, therefore, called on all
institutions that are entitled to come to the Fund’s head office to collect
their allocation letters from Monday, Jan. 7.
The executive secretary further
said the fund would focus on providing essential physical infrastructure for
teaching and learning, providing support research and publication and
instructional materials and equipment.
He said other area of focus was
funding to support academic staff training and development, as well as funding
to support the maintenance of educational standards in the institutions.
‘‘In 2018, the fund fully
implemented the 2017 Revised Guidelines for accessing Intervention funds by
beneficiary institutions to ease the processes of submission and approval of
projects proposals for the various Intervention lines of the fund.
‘‘This contributed significantly
to beneficiary institutions delivering their 2017 Intervention projects within
the specified project cycles.
‘‘The internal controls
introduced by the fund in 2017 resulted to high level of compliance with the
guidelines for accessing funds by beneficiary institutions throughout 2018,’’
he stressed.
Baffa added that as at November
2018, the total education tax collection stood at N200, 793,193,208.54, which
showed an increase of 25.47 per cent over the previous year’s collection of
N154.9billion.
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