President Bola Ahmed Tinubu on Driday, 12th January, 2024 approved the sum of ₦683,429,268 billion as the 2024 Intervention Funds for public tertiary education institutions in the country.

According to the Executive Secretary of Tertiary Education Trust Fund (TETFund), Sonny Echono, who announced this during the Fund’s strategic planning meeting with heads of beneficiary-institutions in Abuja, the total, 90.75% was budgeted for direct disbursement and 8.94% for some designated special projects.
“A stabilization of 2.27% was allowed to enable the Fund respond to emerging issues”, he said.

Echono gave the breakdown as follows: Each University get the sum of ₦1,906,944,930.00, each Polytechnic ₦1,165,355,235.00, while each College of Education get ₦1,398,426,282.00.

This year’s intervention compared to last year, which saw the disbursement of over ₦320billion.

In 2023, each university got ₦1,154,732,133.00; Polytechnic ₦699,344,867.00, while College of Education got ₦800,862,602.