Executive Secretary of TETFund Sonny Echono addressing members of the Governing board of the Benue State University.
The Tertiary Education Trust Fund has secured approval for a special allocation to complete ongoing projects in tertiary institutions across the country.
The Executive Secretary of TETFund, Sonny Echono stated this on Tuesday while addressing a delegation of the Benue State University who were on a courtesy visit to TETFund in Abuja
Echono explained that over the years, TETFund had a very high rate for the completion of projects and that would be restored especially those ones that were close to completion.
“I am also pleased to inform you that we have secured the concurrence of the Honourable Minister of Education that from next year, we will have a special provision in our allocations for the completion of all ongoing projects. “
“We have projects that commenced but because of fluctuations in prices of important building materials, because of the delay associated with the COVID lockdown and other disruption to other economic activities, we now have both time and cost overhead and the earlier we address this the better for our country as we will not have abandoned projects littering around our campuses,” Echono said.
The TETFund boss, commended the Benue state University for its contribution towards the production of relevant manpower in the country and said the University is the first to be established in the entire northern part of Nigeria by a state government.
The Chairman of the Governing Council and Pro-Chancellor of the University who led the delegation Sebastine Tar said the Tertiary Education Trust Fund (TETFund) has committed about N7 billion to its various intervention projects in Benue State University (BSU), Makurdi, from 1999 to date.
Tar, who congratulated Echono on his appointment as TETFund boss, commended President Muhammadu Buhari over his choice, even as he described the Executive Secretary as “one of our illustrious alumni, having graduated with a degree in MBA in Management from our University.”
While expressing delight over the various TETFund projects that now dotted the University’s campus, the Pro-Chancellor appealed for the speedy completion of other ongoing projects.
“Our campus is dominated by TETFund-sponsored legacy structures including the central library, laboratories, lecture theatres, faculty buildings, student social centre, and entrepreneurship development centre, not excluding research (IBR, NRF, ARJ, AMB), academic training and conferences (foreign and local), post-doctoral, Bench work and developments in ICT.
“In all, the University has received about seven billion Naira (N7,000,000,000.00) in intervention from TETFund between 1999 and now.
Reporting by Hassan Hussain, editing by Daniel Adejo