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

ADC guber candidate, Adegoke decries 674,324 out-of-school children in Oyo

Published

on

The governorship candidate of the African Democratic Congress (ADC) in Oyo State, Chief Adegboyega Adegoke, has expressed concern over the growing number of out-of-school children in the state.

Adegoke raised the concern on Monday in Ibadan, the state capital, while speaking at the inauguration of his campaign council.

He described the situation as worrisome, noting that urgent steps were needed to ensure that children of school age have access to quality education.

Mega Icon Magazine recalled that a recent report indicated that Oyo State has the highest number of out-of-school children in the South-West, with about 674,324 children between the ages of three and 17 reportedly out of school.

Adegoke said it was disturbing that the situation persisted despite the huge federal allocations accruing to the state.

He stressed the need for greater attention to education and grassroots development, saying local government autonomy would help drive human development and economic growth at the grassroots.

“Local government autonomy is a vital tool in grassroots human development and economic growth,” he said.

Continue Reading

Education

Tinubu Appoints Adelabu Rector, Federal Polytechnic Ayede

Published

on

President Bola Ahmed Tinubu has approved the appointment of Dr Isiaka Tunji Adelabu as the substantive Rector of the Federal Polytechnic, Ayede, Oyo State.

The appointment, which took effect on August 5, 2026, was announced by the Acting Director of the Centre for Information, Communication and Public Relations (CICPR), Sunday Adepoju, on behalf of the institution.

Adepoju, in a statement, quoted the Registrar of the polytechnic, Akinlolu Akinpade, as saying that Adelabu’s appointment was approved by President Tinubu.

Until his appointment, Adelabu was a Chief Lecturer in the Department of Accountancy at the Federal Polytechnic, Ede, Osun State, where he also served as a Chartered Accountant.

He had held several administrative positions at the institution, including Head of Department, Dean of School and Deputy Rector (Administration).

His appointment, according to the polytechnic, brings to the institution a combination of academic experience and administrative exposure considered vital to its continued development.

Akinpade said Adelabu’s track record and experience would position him to contribute meaningfully to the growth of the institution.

He urged members of the polytechnic community to extend their full support and cooperation to the new Rector as he settles into office.

The Registrar said: “The support and cooperation of the entire polytechnic community will be crucial to enabling the new Rector to advance the vision and mission of the institution.”

With the appointment, Adelabu becomes the second substantive Rector of the Federal Polytechnic, Ayede.

The management, staff and students of the institution, as well as the Governing Council, congratulated Adelabu on his appointment and wished him wisdom, strength and the capacity to provide purposeful leadership and take the polytechnic to greater heights.

Continue Reading

Education

MAKPOLY holds maiden Music Technology performance exam

Published

on

Michael Adeniyi Koleosho Polytechnic, Saki, Oyo State, on Wednesday recorded a major milestone with the conduct of the maiden final-year performance examination for the pioneer student of its Department of Music Technology, marking a new chapter in the institution’s commitment to practical and creative education.

The examination, held at the TETFund Building of the School of Business and Communication Studies, featured Master Okegbola Moses Bright, the department’s first National Diploma student. Lecturers, students, family members and other guests gathered at the venue to witness what many described as a historic moment for the institution.

The practical assessment was coordinated by the Acting Head of the Department, Dr. Abegunrin Adebayo Olugbenga, while two external examiners from The Polytechnic, Ibadan, Dr. Rotimi Ologududu and Dr. Abiodun Akere, evaluated the student’s performance. The Dean of the School of Business and Communication Studies, Mr. Waheed Popoola, and other senior officials of the polytechnic also attended the exercise.

Welcoming guests, Abegunrin described the occasion as a landmark in the department’s history, saying it signalled that the vision behind establishing the programme was becoming a reality.

He said, “Today marks a milestone not just for our department, but for Michael Adeniyi Koleosho Polytechnic. We are witnessing the stage performance of our very first Music Technology student. This is the first of many, and it shows that the seed we planted has begun to bear fruit.”

He explained that the performance examination is a compulsory practical requirement for the award of the National Diploma in Music Technology, adding that it is designed to assess students’ creativity, technical competence and stage performance.

“Music Technology is not just about theory; it is about performance, production and impact. Our pioneer student is setting the standard for those who will come after him,” he added.

Congratulating the student for blazing the trail, Abegunrin urged him to perform with confidence, passion and professionalism. He also encouraged other students in the department to remain focused and committed, assuring them that they, too, would have the opportunity to showcase their talents in due course.

Speaking on the department’s future, the acting head said plans were underway to expand its studio facilities, strengthen collaboration with industry players and build a programme capable of producing graduates with the skills to thrive in the music and creative industries.

“Our goal is to make this department a hub for sound production, live performance, music business and digital creativity in Oyo State and beyond,” he said.

Abegunrin thanked the management of the polytechnic for its continued support and expressed appreciation to the Dean of the School of Business and Communication Studies, members of staff and other stakeholders for their contributions to the growth of the Department of Music Technology, saying their commitment had been instrumental to the programme’s success.

Continue Reading

Advertisement

Entertainment

Advertisement

MegaIcon Magazine Facebook Page

Advertisement

MEGAICON TV

Advertisement

Trending