TETFund threatens to delist institutions for unused allocations<\/p>\n
<\/p>\n
The Tertiary Education Trust Fund (TETFund) has threatened to delist institutions that fail to access and utilise their allocations.<\/p>\n
TETFund said the funds would be diverted to institutions that are up to date with accessing and utilising the disbursements.<\/p>\n
TETFund Executive Secretary, Sonny Echono, gave the warning in Abuja at a two-day strategic workshop for directors of physical planning, academic planning, and Information and Communication Technology (ICT) from institutions benefiting from the Fund.<\/p>\n
He said: \u201cLet me reiterate that institutions that fail to access, utilise, or retire funds in accordance with Fund guidelines or that underperform in key academic or operational benchmarks may face delisting as TETFund beneficiaries.<\/p>\n
\u201cThis policy is not punitive but a mechanism to safeguard the integrity and effectiveness of our interventions,\u201d he said.<\/p>\n
Echono explained that the primary aim of the gathering was to build the capacity of key personnel responsible for planning, implementation, and monitoring of TETFund-supported projects.<\/p>\n
He said the workshop reflects the Fund\u2019s commitment to reinforcing the country\u2019s tertiary education system by closing gaps in its processes and procedures, particularly through a better understanding of its intervention guidelines.<\/p>\n
\u201cThe aim is to ensure that every institution represented here is well equipped to align more effectively with the Fund\u2019s operational procedures for greater efficiency, accountability, and developmental impact.<\/p>\n
\u201cThis engagement is more than a routine meeting. It is a strategic convergence designed to address recurring implementation bottlenecks, improve compliance, and enhance institutional performance.<\/p>\n
\u201cIt is our collective responsibility to ensure that the gains from TETFund interventions are not only sustained but amplified through timely and judicious utilisation of resources,\u201d he added.<\/p>\n
Echono also highlighted strategic priorities that will shape the Fund\u2019s direction in 2025 and beyond.<\/p>\n
On the TETFund Scholarship for Academic Staff (TSAS), he said TETFund had earlier suspended its foreign training component effective Wednesday, January 1, 2025.<\/p>\n
\u201cFirstly, regarding the Academic Staff Training and Development (AST&D) intervention, the Fund has suspended the foreign training component of the TETFund Scholarship for Academic Staff (TSAS), effective Wednesday, January 1, 2025.<\/p>\n
\u201cThis decision, though difficult, was necessitated by the rising costs of overseas training and incidences of scholar abscondment. However, our commitment to building local academic capacity remains strong. We will continue to support rigorous local postgraduate programmes and professional development initiatives that deliver value at sustainable cost,\u201d Echono said.<\/p>\n
He also reaffirmed the Fund\u2019s focus on research and innovation, noting an increase in funding for various initiatives<\/p>\n
\u201cSecondly, research and innovation remain central to our mandate. For 2025, we have scaled up funding to the National Research Fund (NRF), the Research and Innovation Fund, and the Triple Helix Model for research-industry collaboration.<\/p>\n
\u201cThese initiatives are expected to generate practical solutions to national problems, particularly in technology, agriculture, and healthcare, while fostering commercialisation and cross-institutional partnerships,\u201d Echono stated. (Daily Sun)<\/p>\n","protected":false},"excerpt":{"rendered":"
TETFund threatens to delist institutions for unused allocations The Tertiary Education Trust Fund (TETFund) has threatened to delist institutions that fail to access and utilise their allocations. TETFund said the funds would be diverted to institutions that are up to date with accessing and utilising the disbursements. TETFund Executive Secretary, Sonny Echono, gave the […]<\/p>\n","protected":false},"author":4,"featured_media":146994,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[248,2,18],"tags":[1700,1701,1702,927],"class_list":{"0":"post-146993","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-education","8":"category-featured","9":"category-news","10":"tag-institutions","11":"tag-policy","12":"tag-sonny-echono","13":"tag-tetfund"},"yoast_head":"\n