The Tertiary Education Trust Fund has started disbursing funds to a different higher institutions of learning in Nigeria.
The Executive Secretary of TETFUND Arc. Sunny Echono stated this during TETFUND interactive session with beneficiary institutions, tagged ” Ensuring synergy for effective implementation of TETFUND interventions” in Abuja.
He urged the beneficiary institutions to be accountable while noting that the fund is ready to sanction those who engage in frivolous spending.
“We are mindful of the constraints created by our internal policies and are ensuring that we review our processes where required. In the coming weeks, I will be engaging beneficiary institutions who are experiencing challenges.”
The TETFUND boss gave assurance that he will build on the success of his predecessors in the various areas of intervention.
“The fund will continue to support all critical areas including research, innovation and entrepreneurship education. Our primary areas of focus are digital literacy and the development and deployment of ICT to enhance data connectivity.”
“We are collaborating with the ministry of communications and digital economy to improve ICT in our tertiary institutions. We will partner with them to improve ICT knowledge in our citadel of learning”.
The Chairman of the Vice-Chancellors of University Professor Pauline Okoye commended the TETFUND management for removing the challenge of internal audit clearance which has been a hindrance to the development of the project.
” We are engaged in needs assessment daily to check if there is an increase in the price of the product. We want to ensure that the projects are delivered in good time.”
The College Provost Chairman, Mrs J.E Aneneh urged TETFUND to always release funds in good time.
She disclosed that there is a need to step up funds which will enable the directors to complete their projects on time.
“The 2021 projects are suffering due to inflation and COVID-19 pandemic. We had to deal with different issues from the contractors, we do not want such occurrence this year”.