The Academic Staff Union of Universities has called for the redistribution of the N320.3bn intervention fund approved by the Federal Government for tertiary institutions in the country.
President Muhammadu Buhari had earlier approved the sum of N320,345,040,835 as the 2023 intervention funds for public tertiary education institutions in the country.
The Executive Secretary of TETFund, Sonny Echono, disclosed this in Abuja on Wednesday, during the Fund’s annual strategic planning workshop with all heads of beneficiary institutions.
Echono said the meeting was an avenue to receive feedback and evaluate the performance of its intervention lines to enhance a more robust delivery of the agency’s mandate.
According to the TETFund boss, the 2023 intervention cycle will see each university receiving N1,154,732,133.00; Polytechnic – N699,344,867.00, while each College of Education would get N800,862,602.
ASUU President, Emmanuel Osodeke, called for the redistribution in an interview with Channels Television on Thursday.
He called for a redistribution of the fund to ensure that it accounts for 90% of what has been approved to go to universities, polytechnic and not kept as bureaucracy.
He said, “When you check the allocation of about N1.2 billion to universities and others, you find out that the total for all the universities, polytechnics, and colleges of education come to just about N186 billion allocated out of about N320, leaving a balance of N132 billion that has not been accounted for. What are we using that N132 billion which is 41% of the total amount of money? Is it for bureaucracy or for what?
