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NGN 168 bn expended on education by TETFund

We are spending about N 36 billion on that aside from the over N 132 billion already spent on Special High Impact Project before now, making over N 168 billion.


Devdiscourse News Desk Nigeria
Updated: 20-06-2018 07:48 IST
NGN 168 bn expended on education by TETFund

The TETFund boss told the agency saved N 78 billion from special interference allotments from which money had not been paid. (Image Credit: Pixabay)

The Tertiary Education Trust Fund (TETFund) stated that it has expended N 168 billion on education projects under the Special High Impact Allocation.

Its Executive Secretary, Dr Abdullahi Baffa, said the money was distributed to 12 universities, six polytechnics and six colleges of education.

Baffa, while speaking with reporters in an interview in Abuja, said the intervention was never suspended as being claimed.

He stated, "We are spending about N 36 billion on that aside from the over N132 billion already spent on Special High Impact Project before now, making over N 168 billion."

Baffa also stated that "These projects have all sprung up across the beneficiary institutions landscape and we are happy to say that we have thousands of projects all over our 202 beneficiary institutions that are ongoing at the moment."

He said "Quite a number of them have been completed; a number of them I have commissioned already and a number are on the queue waiting to be commissioned. We are pleased with the progress we have made in this aspect of our intervention activity."

The TETFund boss told the agency saved N 78 billion from special interference allotments from which money had not been paid.

TETFund stated "As a result, we were able to allocate over a billion naira each to all the Federal and State universities, precisely, N 1,009,000,000 and close to N 700,000,000 each to all the Federal and state polytechnics, and another N 700,000,000 each to all the Colleges of Education owned by Federal and state governments."

COUNTRY : Nigeria

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