TETFund Bars Institutions with Delayed Projects from 2027 Funds

The Board of Trustees of the Tertiary Education Trust Fund (TETFund) has implemented stricter measures to combat delays in project execution at beneficiary tertiary institutions. Institutions with abandoned or overdue projects will not be permitted to initiate new projects under the 2027 intervention cycle.

This decision, announced by Chairman Rt. Hon. Aminu Bello Masari on Tuesday, follows ongoing issues with institutions failing to complete projects within approved timelines.

TETFund had previously introduced a special intervention line in 2023 to assist in completing stalled projects, but recent assessments revealed continued delays. Masari attributed these delays to poor project continuity when new heads of institutions take office and initiate new projects instead of completing existing ones, as well as delays in contractor payments.

The board has mandated that all beneficiary institutions submit a comprehensive list of projects that have remained uncompleted for over six months, along with explanations for the delays and proposed measures for completion.