The Tertiary Education Trust Fund (TETFund), says it has funded over 5,525 physical infrastructural projects and provided over 576 faculty/departmental libraries in tertiary institutions across the country.
Executive Secretary of TETFund, Arch. Sonny Echono disclosed this while presenting a paper at the 26th seminar of Nigerian Academy of Education in Abuja Speaking on the paper titled: “Funding of Tertiary Education in Nigeria,” Echono also said the Fund has awarded grants for 19,297 Institution Based Research (IBR) projects and 912 research projects under the National Research Fund (NRF).
According to him, the project was designed to support impactful research aimed at contributing to national developmental efforts as well as tackle global challenges.
Still on the impact of the funds intervention,Echono said it has enabled Nigeria to be ranked as one of the six most improved countries in Time Higher Education Rankings between 2021 -2022.
The TETFund boss also reacted to the challenges of funding, emphasizing the need to encourage and support tertiary institutions to seek for alternative and additional revenue sources including initiatives like a range of pathways and mechanisms that would be self-financing to generate surplus to the institutions.
