The Federal Government through the Tertiary Education Trust Fund (TETFUND) has allocated more than N700 billion worth of investment in critical areas of infrastructure development in the Nigerian tertiary institutions.
The Minister of Education, Mallam Adamu Adamu, made this known during the sixth edition of the ministerial press briefing in Abuja.
He said that the intervention was for public universities, polytechnics and colleges of education from 2015 till date.
The Minister 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.
“Our focus of today’s briefing is on FG’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 FG through the instrumentality of the TETFUND allocated a total of N727,225,862.86 billion worth of investment in critical areas of infrastructural development in our tertiary institutions.
“Especially in physical infrastructure, project maintenance, ICT support, Entreprenuership, Library development and Special high impact projects, Academics staff training and development, Research among others,” the Minister stated.
According to Adamu, the breakdown of the funding efforts by the FG 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, public universities was allocated N1,009,410,000. In 2017, each public university was allocated N659,150,000 and in 2108, each public university in the country was allocated N785,823,700,” Adamu added.
The Minister of Education further explained that the total allocations to public universities during the period under review stand at N206,562,393,800 billion.