The House of Representatives has vowed to address the challenges preventing Nigerian tertiary institutions from accessing the substantial intervention funds allocated to them by the Tertiary Institutions Trust Fund (TETFund).
This commitment was disclosed by the House Committee on TETFund and Other Services during a courtesy visit to the Kaduna State Governor, Senator Uba Sani, on Thursday.
The Committee Chair, Mariam Odinaka, revealed that over ₦500 billion in TETFund intervention funds is currently lying unutilized in the Central Bank of Nigeria (CBN) and is inaccessible to tertiary institutions across the country.
Additionally, three state-owned tertiary institutions in Kaduna have over ₦1.3 billion in unutilized TETFund intervention funds.
Addressing the Governor, represented by his Deputy, Hadiza Balarabe, Odinaka commended President Bola Ahmed Tinubu’s commitment to infrastructure development in Nigeria’s tertiary institutions, noting that 80% of the infrastructure improvements are due to TETFund intervention.
Odinaka acknowledged the growing needs to improve funding and interventions within TETFund’s 12 intervention lines. She praised the President for his support, noting that 80% of the infrastructure at these institutions is a result of TETFund intervention.
