close
Sunday, February 2, 2025

FG allocated N940 billion to TETfund in 2025 budget: Tinubu

Mr Tinubu said his government had disbursed over N104 billion in loans to more than 600,000 students in tertiary institutions under NELFUND.

• February 1, 2025
President Bola Tinubu (Credit: Presidency)
President Bola Tinubu (Credit: Presidency)

President Bola Tinubu says his government allocated N940.5 billion to the Tertiary Education Trust Fund (TETFund) in the 2025 fiscal year to enhance manpower and infrastructure development in the education sector.

Mr Tinubu stated this on Saturday at the 42nd Founders’ Day and 33rd convocation of the Federal University of Technology, Minna.

Represented by Rakiya Iliyasu, director of tertiary education at the Federal Ministry of Education, Mr Tinubu said the gesture demonstrated his administration’s commitment to improving educational infrastructure and manpower.

He said the federal government had disbursed over N104 billion in loans to more than 600,000 students across tertiary institutions under the Nigerian Education Loan Fund (NELFUND).

Mr Tinubu reiterated his administration’s commitment to fostering a knowledge-driven society, prioritising education in its policies and funding initiatives.

He urged universities to deepen collaborations with industries, aligning research with societal needs to contribute meaningfully to national development.

The president congratulated the graduates for their resilience and determination and enjoined them to embrace their new chapter with confidence and purpose.

The vice-chancellor, Faruk Adamu-Kuta, described the institution’s 42nd Founders’ Day and 33rd convocation ceremony as historical.

Governor Umaru Bago of Niger expressed gratitude to the university for conferring on him a Doctorate Degree in Agriculture, saying it served as a call to do more in the sector.

He reiterated his commitment to collaborate with individuals to make education accessible to every citizen of the state. He urged the university to continue to take the lead in training and innovative research.

Mr Bago advocated for stronger ties with the state government to ensure the institution’s sustainability through agriculture.

The governor donated N100 million to the endowment fund established by Senator Muhammad Sani-Musa, who also donated N200 million.

(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

Abubakar Kyari

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

Katsina State

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.”

International Space Station

Opinion

How scientific advancement will make Jesus weep for the fourth time

The third time Jesus wept was when He pictured the destruction that would befall Jerusalem on judgment day.

Nigerian Army logo

NationWide

Nigerian Army Signals Corps to prioritise training, welfare in 2025

The commandant expressed gratitude to the Chief of Army Staff, Lt.-Gen. Olufemi Oluyede, for the intervention projects.

Lagos State logo

Heading 1

Lagos rescues nine-year-old victim of alleged sexual assault

Mr Ogunlende said that the alleged assault took place at the suspect’s residence at 4, Azeez Ademola Street, off Anishere, Ayobo.

ASPAC Basketball Club

Sport

ASPAC defeat Hoopers to win Louis Edem Championship

The closely contested match saw Rivers Hoopers squander an 18-point lead in the dying minutes of the game.

Inspector-General of Police, Olukayode Adeolu Egbetokun (Credit: @policeng)

States

Defaulters warned as police begin third-party insurance policy enforcement in Lagos, Kogi

Mr Dantawaye said, “These regulations are designed to protect both motorists and other road users.’’