President Tinubu has approved an intervention fund of N683.4 billion for public tertiary institutions in Nigeria, according to the executive secretary of the Tertiary Education Trust Fund (TETFund), Sonny Echono. The announcement was made during the TETFund’s strategic planning meeting with heads of beneficiary institutions in Abuja. The intervention fund will be disbursed with 90.75% earmarked for direct disbursement, 8.94% for special projects, and 2.27% to address emerging issues. The breakdown of the fund shows that universities will receive N1.9 billion each, polytechnics N1.16 billion each, and colleges of education N1.3 billion each. This year’s intervention represents a significant increase compared to previous years, attributed to expanded efforts in collecting education tax. The funds from TETFund are used for capital projects, lecturer training, and academic research in public tertiary institutions.
In other news, the Supreme Court has set aside the sack of Caleb Mutfwang and affirmed him as the governor of Plateau State. The decision by the highest court in the land comes after a legal battle over the governorship position. The ruling reinstates Mutfwang as the legitimate governor and confirms his authority to govern the state. This news has significant implications for the political landscape in Plateau State and is expected to have a lasting impact on governance in the region.
