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Buhari Approves N320.3bn Intervention Fund For Tertiary Institutions

 

President Muhammadu Buhari has approved N320.3 billion as the 2023 Intervention Funds for public tertiary education institutions in the country.

The Executive Secretary of the Tertiary Education Trust Fund (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 delivering 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.

Echono also urged Buhari, as a parting gift to the education sector, to give his assent to Finance Bill 2023, which provides for a further increase in education tax from 2.5% to 3%.

 

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