VMT News Ltd
No 1 News Site in Nigeria

TETFUND: Sanwo-Olu seeks FG’s funding for newly-created state varsities


TETFUND: Sanwo-Olu seeks FG’s funding for newly-created state varsities

Lagos State Government has called for more support from Tertiary Education Trust Fund (TETFUND) to state-owned universities.

It also emphasised the need to make the intervention fund more accessible.

TETFUND: Sanwo-Olu seeks FG’s funding for newly-created state varsities

From left: Federal House of Reps. Committee on Tertiary Education Trust Fund (TETFUND) and Other Services, Adeniyi Ojuawo; Anothony Adepoju; the Chairman, Miriam Odinaka Onuoha; Governor of Lagos State, Mr. Babajide Sanwo-Olu; Bappa Misau; Deputy Governor, Dr. Obafemi Hamzat; Commissioner for Tertiary Education, Mr. Tolani Sule; Attorney General/Commissioner for Justice, Mr. Lawal Pedro; Vice Chancellor, LASU, Professor Ibiyemi Olatunji-Bello and other House of Reps committee members during a courtesy call to the governor by the TETFUND committee, at the Lagos House, Ikeja, on Monday.

Gov. Babajide Sanwo-Olu made the appeal while receiving some members of the Federal House of Representatives Committee on TEDFUND, at the Lagos House, Ikeja.

The committee was led by the Chairman, Mrs Miriam Onuoha.

The Voice Media Truat (VMT NEWS) reports that TETFUND was  established as Education Trust Fund by the Act No. 7 of 1993 as amended by Act No. 40 of 1998 (now repealed and replaced with Tertiary Education Trust Fund Act 2011).

The governor commended the committee for its commitment to identifying and resolving gaps and issues regarding over N4.5 billion intervention fund for Lagos State tertiary institutions.

“Our Lagos State Polytechnic which is now, by the approval of the NUC, Lagos State University of Science and Technology, has since metamorphosed into a university and our  college of education, is now  Lagos State  University Education.

“Because the two of them are now full university, we need additional funding for them.

” By the time you come next year, we will have an additional institution, university of medicine. We need to produce more doctors and nurses,” Sanwo-Olu said.

The Chairman of House Committee on TETFUND, Onuoha, said that over N200 billion  from 2017-2023 was unaccessed by tertiary institutions in Nigeria.

TETFUND: Sanwo-Olu seeks FG’s funding for newly-created state varsities

She said that the development informed the oversight visit to resolve impediments to enable the affected institutions to access the funds to bridge infrastructure gap and guard against education tourism.

“We need to inform tertiary institutions about the accumulated unaccessed TETTFUND intervention.

” The committee embarked on its annual oversight to the TETTFUND agency.

“In the cause of our job, we found out that some institutions were behind in accesssing TETTFUND intervention.

“We have resolved to make the process of accessing this funds less cumbersome.

Lagos State Commissioner for Tertiary Education, Mr Tolani Sule, commended the committee for  making the process of accessing the funds less difficult.

” We are grateful to the TETFUND committee chairman and her colleagues for coming to our state and going round our nation to see why most of our institutions are not accessing the funds fully.

” From the conversation we have had here today, we have seen that there are some regulations, TETFUND law, that made the access a bit difficult, and they have assured us that we will go back and have a meeting and see how the regulations can be relaxed.

” There is no institutions that will not want to take advantage of  assistance, but where regulations are making it difficult, they won’t be able to meet up,” Sule said.

TETFUND: Sanwo-Olu seeks FG’s funding for newly-created state varsities

Support Voice Media Trust journalism of integrity and credibility

Good journalism costs a lot of money. Yet only good journalism can ensure the possibility of a good society, an accountable democracy, and a transparent government.

For continued free access to the best investigative journalism in the country, we ask you to consider making a modest support to this noble endeavour.

By contributing to Voice Media Trust, you are helping to sustain a journalism of relevance and ensuring it remains free and available to all.

Donate into:

Dollar Account:

  • A/C NO: 3003093745

Naira Account:

  • A/C NO: 1023717841

Leave a Reply