• Saturday, July 20, 2024
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Sanwo-Olu seeks improved TETFUND support for state-owned schools

Lagos to provide free health coverage for pensioners by August

Governor Babajide Sanwo-Olu of Lagos State has called for more support from the Tertiary Education Trust Fund (TETFUND) to state-owned universities.

He also emphasised the need to make the intervention fund more accessible.

Sanwo-Olu made the appeal when he received members of the House of Representatives committee on TEDFUND, at the Lagos House, Ikeja, on Monday. The committee was led by Miriam Onuoha.

TETFUND was established as an Education Trust Fund by Act No. 7 of 1993 as amended by Act No. 40 of 1998 (now repealed and replaced with Tertiary Education Trust Fund Act 2011).

The governor commended the committee for its commitment to identifying and resolving gaps and issues regarding over N4.5 billion intervention funds for Lagos State tertiary institutions.

“Our Lagos State Polytechnic which is now, by the approval of the NUC, Lagos State University of Science and Technology, has since metamorphosed into a university and our college of education, is now Lagos State University Education.

“Because the two of them are now a full university, we need additional funding for them. By the time you come next year, we will have an additional institution, university of medicine. We need to produce more doctors and nurses,” Sanwo-Olu said.

Onuoha, chairman of the House committee on TETFUND, said that over N200 billion from 2017-2023 has not been accessed by tertiary institutions in Nigeria.

She said that the development informed the oversight visit to resolve impediments to enable the affected institutions to access the funds to bridge the infrastructure gap and guard against education tourism.

“We need to inform tertiary institutions about the accumulated unaccessed TETTFUND intervention.

“The committee embarked on its annual oversight of the TETTFUND agency. In the course of our job, we found out that some institutions were behind in accessing TETTFUND intervention.

“We have resolved to make the process of accessing these funds less cumbersome.

Tolani Sule, Lagos State commissioner for tertiary education, commended the committee for making the process of accessing the funds less difficult.

“We are grateful to the TETFUND committee chairman and her colleagues for coming to our state and going round our nation to see why most of our institutions are not accessing the funds fully.

“From the conversation we have had here today, we have seen that there are some regulations, TETFUND law, that made the access a bit difficult, and they have assured us that we will go back and have a meeting and see how the regulations can be relaxed.

“There is no institution that will not want to take advantage of assistance, but where regulations are making it difficult, they won’t be able to meet up,” Sule said.