TETFund Executive Secretary, Sonny Echono
By JOHN ONAH, Abuja –
President Bola Ahmed Tinubu has approved over N700 billion as 2025 allocation to Beneficiary Institutions of the Tertiary Education Trust Fund (TETFund).
This was disclosed by the Executive Secretary of TETFund, Arc. Sonny S.T Echono during the 2025 Strategic Planning Meeting held with heads of the institutions on Thursday in Abuja.
Speaking at the meeting, Arc. 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: the total Direct Disbursement of (91.08%), is made up of (48.90%) as Annual Direct Disbursement and (42.18%) as Special Direct Disbursement. Designated Projects account for (8.72%), while Stabilization funds are (0.20%).
Based on this approval, each , each category of beneficiary institution has been allocated the Annual Direct Disbursement as follows.
Normal Zonal Total
University 2, 560,562,352.66 300,000,000.00 2,860,562,362.66
Polytechnic 1,794,335,731.71 200,000,000.00 1,994,335,731.71
Col.of Education 1,978,428,260.79 200,000,000.00 2,178,428,260.79.
“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”, he said.
” I extend our sincere appreciation to the Federal Inland Revenue Service (FIRS), under the leadership of Mr. Zaccheus Adelabu Adedeji, for the sustained improvement in revenue collection. We are indeed grateful to Mr. President for his painstaking efforts in sustaining allocative efficiency as well as prudent deployment of the funds resources to achieve desired impact”.
“In line with Federal Government’s directives, all Physical Infrastructure Development allocations for 2025 shall be directed toward the upgrading, rehabilitation and renovation of dilapidated infrastructure in our beneficiary institutions.
“This was communicated to you earlier to enable you consult widely and prepare your projects ahead of time. You were also advised to employ the services of your consultancy units and or physical planning units in the preparation and —— project under the current disbursement cycle, the Fund has significantly increased the allocation for Research and Innovation, Academic Staff Training and Development, as well as Manuscript and Book Development. It has also increased significantly the numbers of beneficiary institutions for its special and designated projects”, he added
Arc. Sonny Echono charged heads of beneficiary institutions on early implementation of their allocation. He advised them to consult widely with their community in the implementation of TETFund projects and also ensure timely payments to contractors and vendors when due.
“I urge all Heads of Beneficiary Institutions to ensure the full utilization of their 2024 and previous allocations, while fast tracking the procurement process to access their 2025 allocations.
