- President Bola Tinubu announces N940.5 billion allocation to TETFund in the 2025 budget, aimed at enhancing educational infrastructure and manpower
- The Federal Government has disbursed over N104 billion in loans to 600,000 students through the Nigerian Education Loan Fund (NELFUND)
President Bola Tinubu announced on Saturday that N940.5 billion has been allocated to the Tertiary Education Trust Fund (TETFund) in the 2025 budget to enhance manpower and infrastructure development in the education sector.
He made this statement at the 42nd Founders’ Day and 33rd Convocation Ceremony of the Federal University of Technology, Minna.
Representing the president at the event, Rakiya Iliyasu, Director of Tertiary Education at the Federal Ministry of Education, emphasized that the allocation underscores the administration’s commitment to improving educational infrastructure and manpower development in Nigeria.
Tinubu also disclosed that the Federal Government had disbursed over N104 billion in loans to more than 600,000 students in tertiary institutions through the Nigerian Education Loan Fund (NELFUND).
Reaffirming his administration’s dedication to fostering a knowledge-driven society, the president emphasized that education remains a priority in national policies and funding initiatives.
He urged universities to strengthen industry collaborations and align research efforts with societal needs to drive national development.
Meanwhile, the Vice-Chancellor of the university, Prof. Faruk Adamu-Kuta, described the institution’s 42nd Founders’ Day and 33rd Convocation Ceremony as historic.
He highlighted the university’s growth into a leading institution in technological education, ranking 8th among Nigeria’s best universities and 2nd among specialized universities.
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