The Federal Government of Nigeria, says it has allocated N940.5 billion to the Tertiary Education Trust Fund, TETFund, in the 2025 fiscal year, in order to enhance manpower and infrastructure development in the education sector.
President Bola Tinubu stated this on Saturday at the 42nd Founders’ Day and 33rd Convocation of the Federal University of Technology, Minna.
Tinubu was represented by the Director of Tertiary Education, Federal Ministry of Education, Rakiya Iliyasu, noting that the gesture was demonstrated his administration commitment towards improving educational infrastructure and manpower.
He also added that the federal government had disbursed over N104 billion loans to more than 600,000 students across tertiary institutions under the Nigerian Education Loan Fund, NELFUND, as he reiterated his administration’s commitment to fostering a knowledge-driven society, prioritising education in its policies and funding initiatives.
The number one citizen therefore urged universities to deepen collaborations with industries, aligning research with societal needs to contribute meaningfully to national development, as he used the opportunity to congratulate the graduates for their resilience and determination, and enjoined them to embrace their new chapter with confidence and purpose.
