President Muhammadu Buhari has approved disbursement of N320.34billion as intervention funds for public tertiary institutions in the country.
This was disclosed by Executive Secretary of Tertiary Education Trust Fund (TETFund), Sonny Echono, during the agency’s annual strategic planning workshop with all heads of beneficiary institutions.
Echono said the 2023 intervention cycle will see each university receive N1.15billion naira, Polytechnics, 699.34 million naira while each College of Education would get 800.86 million naira.
Echono also urged Buhari, as a parting gift to the education sector, to assent to Finance Bill 2023, which provides for a further increase in education tax from 2.5% to 3%.
Thenation/sam
