President Bola Tinubu has approved N683 billion as the 2024 intervention fund for public tertiary schools in the country.
The Executive Secretary of Tertiary Education Trust Fund, TETFund, Sonny Echono, made this disclosure at the Fund’s strategic planning meeting with heads of beneficiary institutions in Abuja.
According to him, from the total, 90.75 per cent is earmarked for direct disbursement, 8.94 per cent for some designated special projects, and 2.27 per cent is budgeted for response to emerging issues.
He also disclosed that each university shall get for N1.906billion, polytechnic N1,165 billion
while each College of Education has N1,398 billion, as interventions for the the Year 2024 intervention cycle.
The intervention fund is expected to go a long way in addressing the decades-long calls for better funding of schools in Nigeria, which has prompted lecturers in public schools to embark on strikes to drum home their demands.