President Bola Tinubu has approved over N700 billion as 2025 allocation to beneficiary institutions of the Tertiary Education Trust Fund (TETFund).
This was disclosed by Executive Secretary of TETFund, Sonny Echono, during the 2025 Strategic Planning Meeting held with heads of the institutions on Thursday in Abuja.
TETFund also announced its 2025 intervention disbursements with each Nigerian university set to receive over N2.8 billion, while each polytechnic will receive N1,994,335,731.71, and Colleges of Education will get N2,178,428,260.79 each.
Speaking at the 2025 Strategic Planning Meeting, Echono said, “I am pleased to inform you that Mr. President has approved the year 2025 disbursement guidelines in the total sum of N700 billion.”
According to him, the 2025 disbursement allocation is structured as follows: total Direct Disbursement of (91.08 per cent), made up of (48.90 per cent) as Annual Direct Disbursement, (42.18 per cent) as Special Direct Disbursement, Designated Projects (8.72 per cent), and Stabilisation funds (0.20 per cent).
He stated, “Our intervention activities have increased significantly, aligning with national priorities outlined in the Education Sector Road Map under President Bola Ahmed Tinubu’s administration and championed by the Minister of Education, Dr. Tunji Alausa.”
