Connect with us

Education

Buhari okays N320.3bn intervention fund for tertiary institutions

Published

on

President Muhammadu Buhari has approved N320.3 billion as the 2023 Intervention Funds for Nigerian public tertiary education institutions

Executive Secretary of the Tertiary Education Trust Fund (TETFund), Sonny Echono, made this known on Wednesday in Abuja, the nation’s capital during the Fund’s annual strategic planning workshop with all heads of beneficiary institutions.

Echono noted that the meeting was an avenue to receive feedback and evaluate the performance of its intervention lines to enhance a more robust delivery of the agency’s mandate.

TETFund boss said the 2023 intervention cycle will see each university receiving N1,154,732,133.00; Polytechnic – N699,344,867.00, while each College of Education would get N800,862,602.

His words, “I am pleased to inform you that Mr. President has approved the 2023 disbursement guidelines in the total sum of N320,345,040, 835. (Three hundred and twenty billion, three hundred and forty-five million, forty thousand, eight hundred and thirty-five Naira only). Based on this, each university shall get, for the Year 2023 intervention cycle, the total sum of N1,154,732,133.00.

“This comprises N954,732,123.00 as annual direct disbursement and N200 million as zonal intervention. Similarly, each Polytechnic shall get N699,344,867.00 comprising of N569,344,807.00 as annual direct disbursement and N130million as zonal intervention, while each College of education shall get N800,862,602 comprising of N670,862,602.00 as annual direct disbursement and N130million as zonal intervention.

“It is pertinent to note that this represents the highest disbursement to each beneficiary institution, since the inception of the Fund.”

Echono added that the fortunes of the Nigerian tertiary education sector have improved significantly under Buhari’s administration, saying that between 2015 to date (8 years), the total sum of N1.702 trillion has been disbursed as education tax collection to public universities, polytechnics, and colleges of education compared to a total sum of N1.249trillion disbursed from the inception of the Fund in 1993 up to 2014 (21 years).

“This remarkable success is due to sustained efforts at expanding and increasing the efficiency of collection of the Education Tax and added impetus is the gracious approval of Mr. President for an increase in education tax from 2.0% to 2.5% in the year 2021,” he stressed.

Echono also urged the president, as a parting gift to the education sector, to give his assent to Finance Bill 2023, which provides for a further increase in education tax from 2.5% to 3%.

The Permanent Secretary, of the Federal Ministry of Education, David Adejo, urged the beneficiary institutions to use the intervention judiciously.

He added that the country is no longer looking for paper presentations but what one can do with his brain and hands.

Comments

Education

WAEC: Computer-Based WASSCE Starts This Friday

Published

on

By

 

The West African Examinations Council (WAEC) has announced the commencement of its Computer-Based West African Senior School Certificate Examination (CBWASSCE) for private candidates, starting from October 25, 2024.

The examination is set to run until December 20, 2024, according to a statement released by the council on Tuesday.

In a bid to modernise the examination process, WAEC disclosed that the CBWASSCE will be conducted in a hybrid format.

Adesina Fadekemi, the council’s spokesperson, explained that the objective or multiple-choice questions would be displayed onscreen, requiring candidates to submit their responses electronically.

However, for essay and practical questions, while the questions will also be presented digitally, candidates will still provide answers using traditional answer booklets.

Additionally, WAEC has provided an option for candidates who prefer to use the conventional Paper and Pen mode for all exam papers, catering to those not comfortable with the digital format.

The council also extended the registration deadline for the upcoming CBWASSCE to Tuesday, October 29, 2024.

Candidates who miss the registration window can still take advantage of the “Walk-in-Candidate” option, allowing them to register 24 hours before their preferred paper is scheduled.

 

 

Continue Reading

Education

Oyo Central Senator, Akintunde Pledges Support for Federal Polytechnic Ayede’s Growth

Published

on

 

The Chairman of the Senate Committee on Environment and Senator representing Oyo Central Senatorial District, Dr. Yunus Akintunde, has reaffirmed his commitment to aiding the Federal Polytechnic Ayede in realising its full potential.

Senator Akintunde made this pledge during a courtesy visit to the institution’s temporary site in Iresa-Pupa, Ogbomoso, on Wednesday.

Speaking during the visit, the lawmaker highlighted his passion for contributing to humanity, especially through the advancement of education and skills development.

How ATUPA Conference in Senegal ‘ll Impact Federal Polytechnic Ayede’s Development

“I am part of the polytechnic system. I started at The Polytechnic, Ibadan before going to Lagos State University, Ojoo, Lagos. I’m a lover of knowledge and I am always striving to contribute my quota in the area of education and skills development, among others, and in the legislative assignments as my primary responsibility,” he stated.

The APC chieftain further emphasised his dedication to supporting the Polytechnic and its community, stating that leaders should be driven by a commitment to serving humanity.

He cited the legacy of Hon. Olu Afolabi, a Second Republic House of Representatives member, who was instrumental in establishing the Federal College of Education (Special), Oyo.

“Afolabi’s legacy remains evergreen today,” Akintunde remarked, emphasising the importance of creating lasting impacts through public service.

Education: TETFund approves N130m zonal intervention fund for each polytechnic

As part of his developmental projects for the Oyo Central Senatorial District, Akintunde disclosed that he had procured 120 solar-powered boreholes to be installed across the 118 wards of the 11 local governments in his senatorial district, along with 10,000 solar street lights.

He assured the Federal Polytechnic Ayede that some of these solar street lights would be installed within the institution to enhance security and visibility on campus.

Earlier, the Rector of the Federal Polytechnic Ayede, Dr. Taofeek Abdul-Hameed, who was represented by the acting Rector and Deputy Rector (Academics), Mr. Azeez Ojo, expressed gratitude to the senator.

The Rector noted that Senator Akintunde had demonstrated a deep commitment to philanthropic causes even before assuming office as a senator.

“You see, it’s a great privilege receiving Distinguished Senator Yunus Akintunde and his entourage on our campus today. Out of your magnanimity, Sir, you have decided to receive us,” Ojo said, acknowledging the senator’s gesture.

“Our Rector is away to Abuja for the progress and development of our Polytechnic. So, on behalf of the Chairman of our Governing Council, Barrister Ademubowale Mercy Adelabu; Rector; other Principal Officers; Deans; Directors; staff, and students, I welcome you and your entourage to Federal Polytechnic Ayede.

“While on Brave FM, you have, before even telling us, announced the gesture of solar lights donated to us. This we appreciate with the whole of our hearts,” he said.

Oyo: Akala, Oke, Folarin, others hail Senator Buhari’s performance

The Rector assured the lawmaker that his support would be instrumental in the continued growth and development of the fast-expanding institution.

The visit concluded with the Polytechnic community expressing hope for further collaboration with the senator in the areas of educational and infrastructural development.

 

(c) Mega Icon Magazine

Continue Reading

Education

Mass Exodus: 30 PhD Holders Flee Bauchi Varsity Amid ASUU’s Alarm on Poor Conditions

Published

on

By

The Academic Staff Union of Universities (ASUU), Bauchi Zone, has raised serious concerns over the mass exit of 30 PhD holders from Sa’adu Zungur University (SAZU), formerly known as Bauchi State University, citing deteriorating working conditions and inadequate welfare provisions as primary reasons for the exodus.

The worrying development was brought to light during a press conference held by ASUU on Friday, where officials of the union detailed the various challenges faced by academic staff at the institution.

Speaking on behalf of the union, Zonal Coordinator of ASUU Bauchi Zone, Namo Timothy, lamented the lack of proper policies to retain top scholars, pointing out the absence of a formal employee exit policy.

“Many of our best scholars have been forced to seek better opportunities elsewhere,” Timothy said, adding that “SAZU has no pension or death benefit scheme in place, as obtained in the structured public service regulation in the country.”

He further explained that the lack of such provisions leaves academic staff insecure about their future. “Without a pension or death benefit scheme, our members feel unsafe and unsure of their long-term prospects,” Timothy remarked.

In addition to these grievances, the union condemned the university’s administration for its failure to pay over 650 million naira in accumulated entitlements, including earned academic allowances and honorariums for internal examiners. This has further deepened the discontent among staff members.

“Despite the university generating significant revenue from postgraduate programs, our members have not been compensated for their contributions,” Timothy disclosed.

The union also raised concerns over the sharp increase in student fees, coupled with the administration’s neglect of staff training and development.

Timothy criticised the university for imposing over a 100 percent hike in fees for regular undergraduate programmes, yet failing to address staff welfare.

“The university claims it lacks funds to pay our members, yet it continues to impose higher charges on students,” he stated.

ASUU also expressed displeasure with the continued tenure of the current Pro-Chancellor, who has remained in office since the university’s inception.

The union called for adherence to established regulations governing appointments, arguing that the prolonged tenure has stifled accountability and hindered the implementation of progressive policies.

In light of these critical issues, ASUU urged the Bauchi State Government and other stakeholders to take immediate action to address staff welfare, calling for the establishment of a comprehensive exit policy and the payment of overdue allowances.

“Unless these issues are resolved, we cannot guarantee industrial harmony within SAZU,” Timothy warned.

He further called on the state government to declare a state of emergency at the university to ensure that all contentious matters are urgently addressed, securing the future of both academic staff and the institution.

Continue Reading

Trending