The executive secretary of the Tertiary Education Trust Fund (tetfund), Mr Sonny Echono said President Bola Tinubu had approved the disbursement of over N700 billion to tertiary institutions.
Echono disclosed this during the 2025 Strategic Planning Meeting with heads of tertiary institutions in Abuja on Thursday.
He said the beneficiary universities would receive N2.8 billion.
The tetfund helmsman said 91.08% of the funds – 48.90% for annual direct disbursement and 42.18% for special direct disbursement – would be distributed directly.
In addition, 8.72% has been set aside for designated projects, while 0.20% is allocated to stabilisation funds.
“Based on this approval, each university will receive N2.8bn, polytechnics N1.9bn, and colleges of education N2.1bn as annual direct disbursement,” Echono said.
The tetfund chief emphasised that intervention activities had been significantly expanded in line with national priorities outlined in the Education Sector Road Map under President Tinubu’s administration, as spearheaded by the minister of education, Dr. Tunji Alausa.
Echono also highlighted the government’s directive to focus physical infrastructure development allocations for 2025 on upgrading, rehabilitating, and renovating dilapidated facilities in beneficiary institutions.
“This directive was communicated earlier to enable institutions to consult widely and prepare their projects in advance. Beneficiaries are encouraged to utilise their consultancy and physical planning units in preparing projects under the current disbursement cycle,” he said.
The executive secretary urged institutional heads to commence early implementation of their allocations, consult with their communities, and ensure timely payments to contractors and vendors.
“I call on all heads of beneficiary institutions to fully utilise their 2024 and previous allocations while expediting the procurement process to access their 2025 funds,” he stated.
