The Federal Government (FG) has approved a N320.3bn intervention fund for tertiary institutions in the country.
The decision was announced by the Minister of Education, Adamu Adamu, during a press briefing in Abuja on Monday.
According to the Minister, the fund is part of the government’s efforts to improve the quality of education in the country and enhance the capacity of tertiary institutions to deliver quality education to their students.
He noted that the funds will be disbursed to public universities, polytechnics, and colleges of education across the country.
Adamu explained that the intervention fund would cover various critical areas such as research and development, infrastructural development, and the provision of instructional materials, among others.
He added that the government had also set up a committee to oversee the disbursement of the funds and ensure accountability and transparency.
“The Federal Government is committed to ensuring that our tertiary institutions are adequately funded and equipped to provide quality education to our students.
We believe that this intervention fund will go a long way in addressing some of the challenges facing our institutions and help to improve their overall performance,” the Minister stated.
They called on the government to ensure that the funds are disbursed equitably and judiciously to benefit all the tertiary institutions in the country.