Federal Government N320,345,040,835 Intervention Fund 2023/2024 for Public Tertiary Institutions

April 8, 2023 Vera

Application form link portal is open for Federal Government N320,345,040,835 Intervention Fund 2023/2024 for Public Tertiary Institutions in Nigeria as The Federal Government has approved the 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) as the 2023 intervention funds for public tertiary institutions in the country.

We are delighted to inform the general public that Federal Government has approved N320bn for Tertiary Education Trust Fund (TETFund) for Public Tertiary Institutions in Nigeria.

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

Federal Government Intervention Fund 2023/2024 Disbursement

TETFund boss said: “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). On the basis of 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 N200million 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 inception of the Fund.” Read more here – https://tetfund.gov.ng/