The Tertiary Education Trust Fund distributed intervention money on Thursday, and the Academic Staff Union of Polytechnics urged administrators of polytechnics across the nation to “judiciously use” them.
The national president of ASUP, Dr. Anderson Ezeibe, warned against putting at risk the businesses that are in charge of collecting the education tax that goes to TETFund in an interview with our correspondent in Abuja. He also urged the Federal Government to increase the amount of intervention released to the nation’s tertiary institutions.
Earlier, Eyewitness9ja had detailed how the N320 billion was distributed to tertiary institutions by the President, Major General Muhammadu Buhari (retd.).
Beyond the amount of money disbursed, Ezeibe stated, “It’s crucial to make sure the money is used wisely.
The fund is an intervention fund based on its size. The value is insufficient to solve the infrastructural and finance shortages in the industry. The funds would appear even less valuable when benchmarked against the backdrop of the Naira’s declining value. We are interested in initiatives that will provide value for money because of this.
The union head stated that more financing was required while discussing the issue. While we are inclined to endorse such appeals, we also urge the government to take steps to prevent the economy from suffering by jeopardizing the enterprises that pay the taxes.