The Federal Government of Nigeria, on Tuesday, 26 November, 2013, disbursed the sum of N148 billion as intervention funds to public universities, polytechnics and colleges of education, for the year 2013. Presenting letters of allocation to benefitting institutions during the Tertiary Education Trust Fund (TETFund) 2013 Strategic Planning Workshop, held at the National Universities Commission (NUC) Secretariat, the Minister of Education, Barr. Nyesom Wike, said that TETFund provided intervention funds to 70 public institutions, as against 58 that were catered for in 2011.

Barr. Wike explained that in 2011, intervention to universities was N395 million each, while in 2013, the figure increased to N646 million for each university. The interventions to each polytechnic also increased from N240 million, in 2011, to N443 million, in 2013, while those of the colleges of education rose from N190 million, in 2011, to N390 million, in 2013. The Minister noted that these interventions were outside the statutory budgetary provisions for each institution and other interventions, such as the High-Impact Fund, which the institutions benefitted from in phases.

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