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TETFund set ro release N2bn intervention fund to FUNAAB



TETFund set ro release N2bn intervention fund to FUNAAB

Aminat Isah, Abuja

Authority of the Tertiary Education Trust Fund (TETFund) has expressed readiness to release the sum of N2billion to the Federal University of Agriculture, Abeokuta.

TETFund’s Executive Secretary, Dr. Abdullahi Bichi Baffa, said this  while commissioning the projects as part of the 30th anniversary of the University.

He lamented that the university was lagging behind due to inability to access over N2billion already allocated to it since 2013.

This, he said was as a result of bickering and internal crisis which the current management is making efforts to guard against reoccurrence.

Baffa said: “I have been to this campus several times in the past to hold meetings or solve one problem or the other. I must say the university is doing well but one hitch that has been hindering the springing up of more TETFund projects on this campus perhaps is the crisis that engulfed the university for so many years, and that crisis became a huge impediment on the ability of the university to draw down on the allocation given to it by TETFund.

“At the moment, over N2billion worth of allocation to the Federal University of Agriculture, Abeokuta is lying there at the Fund, waiting for the university to come and access. When you have over N2billion to draw down, if you come and ask for special intervention for anything we will ask what is wrong with you?

“What is going to happen to that amount of money? So we have been discussing with the Vice Chancellor and he has promised after extensive discussions on how to overcome the problem and we even agreed on timeline.”


In his remarks, the Vice Chancellor of the University, Prof. Felix Kolawole Salako, commended TETFund’s  interventions in all tertiary institutions.


Also speaking, the Chancellor of the University, Obong of Calabar, Edidem Ekpo Okon Abasi, promised TETFund that the newly inaugurated governing council of the university will work assiduously towards ensuring that peace continue to reign in the insriruion.


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