The Federal Government, through the Tertiary Education Trust Fund (TETFUND), has given approval for a sum of N292.66 billion to be disbursed to some public universities, polytechnics, and colleges of education (CoEs) across the nation.
The approval was disclosed on Tuesday by TETFund Executive Secretary, Suleiman Bogoro, while receiving heads of institutions to a one-day stakeholders’ meeting at the Nigeria Air Force (NAF) Conference Centre in Abuja.
Bogoro said the money approved by the Federal Government would be shared to higher institutions in each of the six geo-political zones in the nation.
He said at least one university from each of the six geo-political zones will get N906.8 million, while about N628.4 million will be shared to one polytechnic and one college of education from each of the six geo-political zones.
The Executive Secretary stressed the need for the completion of the national headquarters of the National Library of Nigeria, as it was one of the reasons the Federal Government handed over the fund.
He said the library project represented a key national asset that should not be ignored due to financial challenges, as it is important for research on national development.
The TETFUND Secretary praised the current administration for its consistency in approving funds to see that academics produce quality researches that would address emerging challenges affecting Nigeria.
He said this accounted for the setting up of the National Research Fund, which has increased from N3 billion to N8.5 billion recently.
Expressing his happiness that the country was moving closer to having a National Research and Development Foundation, Bogoro urged Nigerian academics to change the fortunes of the country through advanced researches.