“Each Uni To Get 1.9bn”: Tinubu Approves N683bn Intervention Funds for Public Tertiary Institutions

Jan 13, 2024 | Entertainment, News


  • The quest to rehabilitate Nigeria’s public tertiary institutions is taking a new shape following a recent decision by the presidency
  • President Bola Ahmed Tinubu, on Friday, January 12, approved N683 billion as intervention funds for public tertiary education institutions
  • This intervention fund will spread across all public universities, polytechnics and education colleges

Legit.ng journalist Segun Adeyemi has over 9 years of experience covering political events, civil societies, courts, and metro

FCT, Abuja – President Bola Ahmed Tinubu has given the green light to allocate N683 billion as Intervention Funds for public tertiary education institutions in the nation for the year 2024.

This development was confirmed on Friday, January 12, via a statement issued by the president’s special assistant on social media, Dada Olusegun.

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The N683 billion intervention fund signed by President Tinubu surpasses the N320 billion approved by the last administration.
The newly approved fund will allow all public universities to access N1.9 billion each, while polytechnics get N1.1 billion and colleges N1.3 billion each. Photo Credit: The Presidency
Source: Facebook

The statement states that public universities will receive N1.9 billion each, public universities will get N1.1 billion each, and federal government-owned colleges of education will receive N1.3 billion each.

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It was that the 2024 intervention funds for public tertiary education institutions of N683 billion surpassed the N320 billion earmarked by the previous administration in 2023.

Student loan to kick off later in January

According to Olusegun, the student loan scheme is expected to kick off later in January as the President has earmarked N50 billion to start off the scheme.

The statement reads:

“It is important to note that this year’s intervention is significantly higher than 2023’s own, which was capped at N320 billion.

“A reminder that the much-awaited student loan initiative is expected to kick off later this month.”

Why Tinubu’s N150bn scheme can’t work in Nigeria, experts reveal

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2024 budget: Tinubu’s govt not paying attention to rational economic management, says Peter Obi

In another report, President Tinubu has been told to channel the N100 billion for the school feeding scheme into constructing more classrooms and employing more teachers.

The President was also urged to leave such schemes for the state and local governments to handle with just the federal government’s supervision.

These were the expert opinions of some individuals in the education and developmental policy sectors.

Why children can’t read, solve simple math in Nigeria

Meanwhile, experts in education and the development sector have given their opinions on why children can’t read and solve simple math in Nigeria.

This is on the heels of the assertion made by the Enugu State Government’s Secretary, Prof. Chidiebere Onyia, who claimed that 50% of children in the region cannot read or solve math.

Legit.ng had a chat with a Nigerian-American lecturer and a major stakeholder in the developmental sector.

Source: Legit.ng





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