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Nigerian govt allocated N940bn to TETfund in 2025 budget – Tinubu
President Bola Tinubu said on Saturday the sum of N940.5 billion was allocated to the Tertiary Education Trust Fund (TETFund) in the 2025 budget to enhance manpower and infrastructure development in the education sector.
He stated this at the 42nd Founders’ Day and 33rd Convocation of the Federal University of Technology, Minna.
The president, who was represented at the event by the Director of Tertiary Education, Federal Ministry of Education, Rakiya Iliyasu, said the gesture demonstrated his administration’s commitment to the improvement of the nation’s educational infrastructure and manpower.
He added that 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).
READ ALSO: Tinubu appoints ex-Gov Masari as TETFund chairman
Tinubu reaffirmed 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 and align research with societal needs to contribute meaningfully to national development.
The Vice-Chancellor of the institution, Prof. Faruk Adamu-Kuta described the institution’s 42nd Founders’ Day and 33rd Convocation Ceremony as historical.
He said the university had grown to become a leading institution in technological education in the country, ranking 8th on the index of best universities in Nigeria and 2nd among specialised universities.
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