Federal Government Allocates N38.93bn for Tertiary Education

The Federal Government has disbursed N38.93 billion to 166 public tertiary institutions across Nigeria as part of the Needs Assessment Revitalisation Fund. This funding includes N28.5 billion for 79 universities, N5.8 billion for 46 polytechnics, and N4.7 billion for 41 colleges of education.

The initiative aims to support approved projects that address infrastructure gaps and enhance teaching and learning facilities. The disbursement is part of the Federal Government's efforts to meet the needs of public universities and fulfill commitments under the Memorandum of Understanding between the Federal Government and the Academic Staff Union of Universities (ASUU).

The funds are intended to enable institutions to initiate or progress on projects that address critical infrastructure and institutional needs, ultimately strengthening the quality of tertiary education in Nigeria. The statement from the Federal Ministry of Finance, signed by Efe Ovuakporie, emphasizes the importance of coordination among the relevant ministries and institutions to ensure effective use of the funding.