TETFund threatens to delist institutions over misuse of intervention funds
TETFund threatens to delist institutions over misuse of intervention funds
The Tertiary Education Trust Fund (TETFund) has issued a stern warning to beneficiary institutions, threatening to delist those that fail to properly utilise funds allocated for intervention projects.
Executive Secretary of TETFund, Sonny Echono, gave the warning on Tuesday in Abuja during a two-day strategic workshop for directors of physical planning, academic planning, and ICT from beneficiary institutions.
Echono said the workshop underscored TETFund’s commitment to strengthening Nigeria’s tertiary education system by addressing procedural gaps and ensuring institutions fully understand the agency’s intervention guidelines.
He stressed that TETFund would not tolerate underperformance or mismanagement, stating, “We will not stand idly by while some institutions fall short of expectations.”
Echono said, “Let me reiterate institutions that fail to access, utilise or retire funds in accordance with TETFund guidelines or that under perform in key academic or operational benchmarks may face delisting as TETFund beneficiaries.
“This policy is not punitive but rather a mechanism to safeguard the integrity and effectiveness of our interventions.”
Echono explained that the primary aim of the gathering was to build the capacity of key personnel responsible for planning, implementation, and monitoring of TETFund-supported projects.
He added, “Our aim is to ensure that every institution represented here is well equipped to align more effectively with the Fund’s operational procedures for greater efficiency, accountability, and developmental impact.
“This engagement is more than a routine meeting: it is a strategic convergence designed to address recurring implementation bottlenecks, improve compliance, and enhance institutional performance.
“It is our collective responsibility to ensure that the gains from TETFund interventions are not only sustained but amplified through timely and judicious utilisation of resources.”
Echono also highlighted strategic priorities that will shape TETFund’s direction in 2025 and beyond.
On the TETFund Scholarship for Academic Staff (TSAS), he said the agency had earlier suspended its foreign training component effective January 1, 2025.
He said, “Firstly, regarding the Academic Staff Training and Development (AST&D) intervention, as you are all aware, the Fund has suspended the foreign training component of the TETFund Scholarship for Academic Staff (TSAS), effective January 1, 2025.
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“This decision, though difficult, was necessitated by the rising costs of overseas training and incidences of scholar abscondment. However, our commitment to building local academic capacity remains strong. We will continue to support rigorous local postgraduate programmes and professional development initiatives that deliver value at sustainable cost.”
He also reaffirmed TETFund’s focus on research and innovation, noting an increase in funding for various initiatives.
“Secondly, research and innovation remain central to our mandate. For 2025, we have scaled up funding to the National Research Fund (NRF), the Research and Innovation Fund, and the Triple Helix Model for research-industry collaboration.
“These initiatives are expected to generate practical solutions to national problems, particularly in technology, agriculture and healthcare, while fostering commercialization and cross-institutional partnerships,” Echono stated. The Nation
