The Federal Government has disbursed N38.93 billion to 166 public tertiary institutions nationwide under the Needs Assessment Revitalisation Fund.
A statement from the Federal Ministry of Finance on the funding intervention indicated that the disbursement covered 79 universities, 46 polytechnics and 41 colleges of education to support approved projects aimed at addressing infrastructure gaps, and improving teaching and learning facilities across the institutions.
The ministry clarified that the university component accounts for N28.5 billion for 79 institutions, while 46 polytechnics have allocations totalling N5.8 billion. The 41 colleges of education are allocated N4.7 billion.
It added that the intervention formed part of the government’s efforts to address the needs of public universities and support the implementation of agreed measures under the Memorandum of Understanding between the Federal Government and the Academic Staff Union of Universities (ASUU).
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According to the ministry, the funds are expected to enable beneficiary institutions to commence or advance approved projects addressing critical infrastructure and other identified institutional needs, with the overall objective of strengthening the quality of tertiary education in the country.
It maintained that the disbursement underscored the importance of effective coordination between it, the Federal Ministry of Education and beneficiary institutions in ensuring that approved public funding translates into tangible improvements in educational infrastructure and institutional capacity.
