The Tertiary Education Trust Fund (TETFUND) has said that it is considering suspending foreign training for members of staff and students.
The Executive Secretary of TETFUND, Sonny Echono, made this known on Wednesday at a One-Day Stakeholders’ Engagement on Emerging Issues with the TETFund Intervention in Abuja.
Echono said such training could stop because the recent policy initiated by the Central Bank of Nigeria (CBN) had created difficulties in the payment of foreign scholarships, tuition fees, and stipends.
According to him, the funds’ allocation was barely enough to service programmes under its Tertiary Scholarship for Academic Staff (TSAS).
As a result, TETFUND is considering suspending foreign scholarships while also looking at the possibility of an upward review of local scholarships
Echono had on Tuesday while appearing at an investigative hearing organised by a House of Representatives ad hoc committee said that the current foreign exchange situation makes it impossible to continue the sponsorship of students overseas.
