This news was culled from sporting Tribune.
February 1, 2025

The Executive Secretary of Tertiary Education Trust Fund (TETFund), Architect Sonny Echono, has ascribed the decline in the nation’s economic growth and political instability as some of the reasons affecting sustainable funding of the nation’s ivory towers.

Echono, who delivered the 34th Convocation Lecture of the Olabisi Onabanjo University (OOU), Ago -Iwoye, Ogun State, on Friday, on the topic “TETFund And Educational Development In Nigeria: The History, The Treasures and The Future”, noted that the reasons had grossly responsible for the collapse in infrastructure, facilities and equipment.

He explained that infrastructure, lecture halls, student hostels, equipment, and others have been overstretched with the fast-growing population in public universities across the country.

While adding that despite the modest achievements of the agency, there are still many interventions to be attended to.

Echono said the agency had given special attention to infrastructure development because of decay and collapse across the public tertiary institutions in the country, hinting that a total of over 152,838 infrastructural projects had been carried out across public tertiary institutions from 2013 till date.

He further said that TETFund had equally provided scholarships to over forty-two thousand scholars across institutions in Nigeria, both locally and overseas.

“There’s no doubt that TETFund has recorded laudable achievements under its various intervention lines.

Related Post
2025 budget: FG allocates N940bn to TETfund — Tinubu
No government that wants education for Nigeria will scrap TETFund —OOU VC, Agboola
TETFund set to tackle power problems in institutions, 2025
“These include infrastructural projects across universities, polytechnics and colleges of education that range from Senate buildings, classrooms, lecture theatres, and auditoria, ICT centres, laboratories, and laboratory research equipment, libraries, workshops and hotels, among many others.

“All public tertiary institutions across the country are dotted with TETFund projects which bear the ubiquitous insignia of the Fund,” the Executive boss added.

He added that the Fund will provide students’ hostel through Public Private Partnership initiative for 72 beneficiary institutions in 2025, while adding that alternative power will be delivered to tertiary institutions under the 2025 disbursement cycle to reduce the current power supply challenges and excessive billing.

Echono said, “TETFund will continuously strive to attain the status of a world-class education interventionist agency and a financial backbone for educational research efforts in Nigeria.

“It will endeavour to make educational content development a strong complement to the infrastructural development that has been witnessed in the past decades. Its commitment to research and development, innovation, and commercialisation of research products will remain unwavering.”