Skip to main content

FG’s intervention for tertiary institutions hits over N700bn in 4-years - Official

The federal government through the Tertiary Education Trust Fund (TETFund) allocated a total of N727,225,862,128.86 billion worth of investment in critical areas of infrastructure development in the Nigerian tertiary institutions.

Adamu Adamu, minister of education, disclosed this during the Sixth Edition of the ministerial press briefing in Abuja, saying that the intervention was for public universities, polytechnics and colleges of education from 2015 till date.

Adamu noted that the intervention was specifically for physical infrastructure, project maintenance, Information and Communication Technology (ICT) support, entrepreneurship, library development, special high impact projects, research, academic staff training and development among others.

READ ALSO: NAIJ.com upgrades to Legit.ng: a letter from our Editor-in-Chief Bayo Olupohunda

“Our focus for today’s briefing is on federal government’s intervention in critical areas of tertiary education in the life of the Buhari administration in the last four years.

“During the period under review, the federal government through the instrumentality of the Tertiary Education Trust Fund (TETFund) allocated a total of N727,225,862,128.86 billion worth of investment in critical areas of infrastructural development in our tertiary institutions.

“Especially in physical infrastructure, project maintenance, Information and Communication Technology (ICT) support, Entrepreneurship, Library development and special high impact projects, Academic Staff Training and Development, and Research among others.

According to him, a breakdown of the funding efforts by the federal government indicates that in 2015, each public university both federal and states, was allocated N337 million.

He said when multiplied by 74 universities that benefited; it gave the total allocation to public universities to N24.93 billion for that year.

“In 2016, each public university was allocated N1,009,410,000 billion multiplied by 74 institutions; it brings the total allocation to public universities to N74,696,340,000 billion for year 2016.

“In 2017, each public university was allocated N659, 150,000 million multiplied by 74 universities; you have the total allocation to public universities to N48,777,100,000.00 billion for 2017.

“In 2018, each public university in the country was allocated N785,823,700 million multiplied by 74 universities; it gives the total allocation to public universities to N58, 150,953,800.00 billion for year 2018’’.

The minister explained that the total allocations to public universities during the period under review stand at N206,562,393,800 billion.

Similarly, Adamu said that in 2015, 50 Polytechnics were allocated N250, 000,000 million each amounting to N12.5 billion (twelve billion, five hundred million naira) only.

READ ALSO: Governor Wike accuses Buhari govt of marking 200 judges for intimidation, false allegations

He also said, in 2016, the amount of N691,632,000 million was allocated to each 54 Polytechnics; amounting to N37,348,128,000 billion for all in that year.

"In 2017, N450, 800,000 million each was allocated to 54 Polytechnics, amounting to N24, 343,200,000 billion.

“While in 2018 54 Polytechnics got N536, 703,502,000 million each; amounting to N28, 981,989,108 billion’’.

He said that the total allocation to Polytechnics during the period under review was N103, 173,317,108 billion.

Adamu, however, noted that states’ universities got a total allocation of N74,620,416,900 billion.

“Meanwhile, for the Colleges of Education, the total allocation during the period, stood at N101, 631,304,500 billion.

He explained that a further breakdown showed that colleges of educations got N12,485,000,000 billion in 2015, N37,348,135,000.00 billion in 2016, N23,743,500,000 billion in 2017 and N28,054,669,500 billion in 2018.

The minister, therefore, expressed the concern of the government over the lack of accountability in some of the tertiary institutions.

He reiterated that that the federal government would not fold its arms to watch public educational institutions funded from the public purse to flout the laws of public accountability.

“I want to put every stakeholder in this regard on notice, that in the coming weeks, the Federal Ministry of Education under my watch will roll out visitation panels to all tertiary institutions to deal with this ugly phenomenon,” he said.

PAY ATTENTION: Install our latest app for Android, read best news on Nigeria’s #1 news app

Meanwhile, Legit.ng previously reported that the National Universities Commission released the list of 58 illegal universities in Nigeria.

According to the commission, the listed universities are yet to be licensed by the federal government and have been shut down for violating the national minimum standard for education.

The commission, in bulletin released on Monday, May 21, from the office of the executive secretary of NUC, dated May 14, listed all the illegal universities across the country.

NAIJ.com (naija.ng) -> Legit.ng. We have upgraded to serve you better.

Parents advice government over ASUU strike - On Legit.ng TV:

Source: Legit.ng



from Nigeria News today & Breaking Naija news ▷ Read on Legit.ng 24/7 http://bit.ly/2UCRpnG
via EDUPEDIA24/7

Comments

Post a Comment

Popular posts from this blog

Nigerian Academy Of Science Inducts First Female President

The Nigerian Academy of Science has inducted a professor of Parasitology/Epidemiology, Ekanem Ikpi Braide, as its 19th President on Thursday. In a statement issued by Oladoyin Odubanjo, the Executive Secretary of the Academy, Braide is the Academy’s first female President in 44 years of existence. It read, “Braide was a member of the national committee that achieved the laudable feat of guinea worm eradication in Nigeria. “She has a rich professional experience as a researcher and an administrator. In July 2010, Professor Braide was honoured by the President of Nigeria with the award of Officer of the Order of the Federal Republic (OFR) for her contribution to disease control in Nigeria. “She was nominated by the Honourable Minister of Health to serve in the Ministerial Expert Advisory Committee on COVID-19 Health Sector Response (MEACoC-HSR). “Professor Braide served as Vice-Chancellor, Cross River University of Technology (CRUTECH) Calabar, Nigeria (2004 to 2009) and as P
Post a Comment
Read more

NLNG Signs Letter Of Intent On Delayed Gas Expansion Project

The Nigerian Natural Liquefied Gas LTD has signed a letter of intent for the engineering, procurement and construction of its long held up Train Seven project. In a statement released by the company on Wednesday, it said that the $10bn project will be executed by a consortium of Italian firm Saipem, Japan’s Chiyoda and South Korea’s Daewoo. The statement reads, “The project will form part of the investment of over $10bn including the upstream scope of the LNG value chain, thereby boosting the much needed Foreign Direct Investment profile of Nigeria.” Managing Director of NLNG, Tony Atta, said in 2018 that the Final Investment Decision would be made in the fourth quarter of that year. This did not however, materialize. According to the release, the project will have a four to five-year execution time after the signing of the FID. The project is expected to add an extra 8 million tons per annum of gas to the 22 mtpa currently exported by the company. Oil News AddThis : 
Post a Comment
Read more

Former Maritime Agency Boss, Buba Galadima, Accuses AMCON Of Witch-hunt After Property Takeover

  A former Director-General of the Nigeria Maritime Agency, Buba Galadima, has accused the Asset Management Corporation of Nigeria of witch-hunt after the agency took possession of his business and assets on Tuesday in Abuja. Galadima, an ardent critic of President Muhammadu Buhari, claimed that he did not borrow money or have unpaid debt with Unity Bank, which lodged a complaint against him and occasioned AMCON’s move on Tuesday. The properties taken over include House No. 15, Addis Ababa Crescent, Wuse Zone 4, Federal Capital Territory, Abuja and House No. 4, Bangui Street, Wuse 2, also in Abuja.  Reacting to the situation, Galadima said, “This is an attempt to disgrace and break me down. This is injustice and an attempt to humiliate me. "But I am unbreakable and they can never silence me. They sacked me and over 50 people that sleep in the apartment. "We don’t know where to go. We will remain on the streets. We will remain on the streets until God provi
Post a Comment
Read more