FG releases N38.93bn to revitalise 166 tertiary institutions

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She said effective coordination among relevant agencies and beneficiary institutions was essential to ensuring that the funds translated into tangible improvements in educational infrastructure.

The Federal Government has disbursed N38.93 billion to 166 public tertiary institutions nationwide to address infrastructure gaps and improve teaching and learning facilities.

This is contained in a statement issued by the Head of Media, Federal Ministry of Finance, Mrs Efe Ovuakporie, on Sunday in Abuja.

She said the disbursement was made under the Needs Assessment Revitalisation Fund, covering 79 universities, 46 polytechnics and 41 colleges of education.

Ovuakporie said universities would receive N28.5 billion, while polytechnics would receive N5.8 billion and colleges of education would receive N4.7 billion.

She said the intervention was also aimed at supporting the implementation of agreed measures under the Memorandum of Understanding (MoU) between the Federal Government and the Academic Staff Union of Universities (ASUU).

Ovuakporie said the funds were expected to enable beneficiary institutions to commence or continue approved projects addressing critical infrastructure gaps and other identified institutional needs.

She said effective coordination among relevant agencies and beneficiary institutions was essential to ensuring that the funds translated into tangible improvements in educational infrastructure.

The Head of Media advised members of the public seeking details of beneficiary institutions and their allocations to visit www.finance.gov.ng.