TETFund expended N320 billion on interventions in 2023: Official

Sonny Echono, executive secretary of the Tertiary Education Trust Fund (TETFund), has said that the fund expended N320 billion on interventions in tertiary institutions across the country in 2023.
Mr Echono disclosed this while speaking to journalists after the TETFund management retreat in Makurdi on Monday.
Mr Echono, who said the retreat was to assess their performance in 2023, said that over N400 billion had been disbursed to tertiary institutions over the years.
He said the figure being spent on interventions kept increasing every year because more institutions were being enlisted in the TETFund intervention programme.
Mr Echono said the intervention programmes range from infrastructural development of tertiary institutions to sponsoring lecturers on master’s and PhD programmes overseas.
He expressed concern at the alarming number of Nigerian university lecturers who absconded after studying abroad under TETFund sponsorship.
The TETFund boss said that the board would make the absconded lecturers refund money expended on them or be repatriated.
He said the organisation had put in place measures to ensure that the university lecturers who absconded were sanctioned.
“I don’t want to give figures because it’s alarming; it’s very sad that this opportunity that has been given is being abused.
“The figure is comprehensive, which is why it’s a bit large because there are others who have come back home but did not complete the minimum of their bond before deciding to relocate, or Japa as it’s called nowadays.
“We have a database now, which we are refining each time because the institutions are the ones submitting the report.
“Although it is a difficult thing to get accurate reports for some, it’s not that they absconded, but they exceeded their course period.
“But some have extensions in their programme, but we have a very good idea, and the number is not encouraging.
“What we are doing, first as a soft landing, we are requiring anybody who has benefitted from our programme and does not come back to make the full refund of the money expended on training them.
“The other option, which is the harder one, is that we are collaborating with our embassies, the embassies of the country where they are and the institutions to repatriate them”, he said.
(NAN)
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette

Agriculture
FG tasks ECOWAS on leveraging financing strategies for agroecology
The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices

Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”

Health
Medical rehabilitation therapists seek more funding, workforce expansion
He identified limited rehabilitation equipment and inadequate technical capacity as major sectoral challenges.

Health
Community health gaps fuelling poor human capital outcomes in Northern Nigeria: AHBN
The AHBN said persistent gaps in healthcare were limiting the region’s social and economic growth.

Lagos
Ikeja Electric appoints Ogochukwu Onyelucheya as acting CEO
The appointment follows the transition of Folake Soetan, who served as CEO since 2020.

States
Police rescue victim from kidnappers’ den in Imo
The victim was rescued during a forest clearance operation across the Nekede, Ihiagwa and Agbala axis of Owerri West Local Government Area.

Economy
MSMEs account for 90% of Nigerian businesses, create 60 million jobs: Shettima
The vice president described small businesses as the engine room of the country.

Heading 4
Venezuela Earthquake: Death toll rises to 1,430
About 3,238 injuries were also reported following Wednesday’s 7.2 and 7.5 magnitude earthquakes.






