The House of Representatives is determined to tackle the obstacles that are preventing tertiary institutions from tapping into the N500bn Tertiary Institutions Trust Fund (TETFund) intervention fund, which is currently unused in the Central Bank of Nigeria.
During a visit to the Kaduna State Governor, the House Committee on TETFund and other Services highlighted that three Kaduna State-owned tertiary institutions still have over N1.3bn in funds that have not been accessed. The committee aims to provide oversight for the intervention, ensure proper utilization of disbursed funds, and eliminate barriers hindering institutions from accessing the funds.
Acknowledging President Bola Tinubu’s efforts in enhancing infrastructure in Nigerian tertiary institutions, the committee plans to ease the stringent conditions in TETFund guidelines to facilitate fund access and project completion.
The committee aims to overcome challenges hindering access to funds in order to bridge the infrastructure gap and improve teaching and learning in tertiary institutions.
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