Nigeria Allocates ₦1.6 Trillion to Boost Tertiary Education, Medical Sciences
The Nigerian government has allocated a substantial sum of ₦1.6 trillion to the Tertiary Education Trust Fund (TETFund) for various interventions across the country's tertiary institutions. This allocation, aimed at enhancing medical sciences training and infrastructure, will have a significant impact on the nation's educational landscape.
The fund will be distributed across the six geopolitical zones, with each zone receiving interventions totalling ₦460 billion (40%). Notably, ₦4 billion has been allocated to three tertiary institutions in each zone for medical sciences expansion and infrastructure projects. Additionally, ₦70 billion is earmarked for energy support to build solar or gas power generation facilities in institutions, ensuring a reliable power supply for academic activities.
The Federal Government's students' loan scheme, managed by NELFUND, has received a boost with the release of ₦225 billion. This allocation aims to provide financial assistance to students, enabling them to pursue their academic dreams without the burden of tuition fees. Furthermore, ₦25 billion has been set aside to assist institutions in enhancing campus security, a critical aspect of creating a safe and conducive learning environment.
TETFund's interventions are demand-driven, taking into account the specific needs and available resources of each institution. Over ₦100 billion has already been spent to strengthen medical sciences training across institutions. Each state will have three institutions (one university, one polytechnic, one College of Education) benefiting from these interventions, ensuring a broad and equitable distribution of resources.
With the allocation of ₦1.6 trillion, TETFund continues its commitment to improving the quality of education in Nigeria's tertiary institutions. Through targeted interventions, the fund aims to enhance medical sciences training, upgrade infrastructure, and provide financial assistance to students. These investments are expected to have a lasting impact on the nation's educational sector and contribute to the development of a skilled workforce.
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