The federal government has disbursed ₦38.93 billion to 166 public tertiary institutions across Nigeria under the Needs Assessment Revitalisation Fund to address infrastructure deficits and improve learning facilities.
Gatekeepers News reports that Efe Ovuakporie, director of press relations at the Federal Ministry of Finance, disclosed this in a statement on Sunday, noting that the beneficiaries comprise 79 universities, 46 polytechnics and 41 colleges of education.
According to the statement, universities received ₦28.5 billion, representing 73.2 percent of the total disbursement, while polytechnics were allocated ₦5.8 billion, accounting for 14.9 percent.
Colleges of education received the remaining ₦4.7 billion, representing 12.1 percent of the funds released.
The ministry said the intervention was part of the federal government’s efforts to address infrastructure challenges in public universities and support the implementation of agreed measures under the Memorandum of Understanding between the government and the Academic Staff Union of Universities (ASUU).
“The intervention forms part of the Federal Government’s efforts to address the needs of public universities and support the implementation of agreed measures under the Memorandum of Understanding between the Federal Government and the Academic Staff Union of Universities (ASUU),” the statement said.
It added that the funding would enable beneficiary institutions to commence or advance approved projects aimed at addressing critical infrastructure deficiencies and other identified institutional needs.
“The funds are expected to enable beneficiary institutions to commence or advance approved projects addressing critical infrastructure and other identified institutional needs, with the overall objective of strengthening the quality of tertiary education in Nigeria,” the statement added.
Ovuakporie said the disbursement highlighted the importance of effective coordination among the finance ministry, the education ministry and beneficiary institutions to ensure that public funds translate into measurable improvements in educational infrastructure and institutional capacity.
The ministry urged members of the public seeking details of the beneficiary institutions and their respective allocations to visit its official website.
