HE funding agency threatens non-performing institutions

The Tertiary Education Trust Fund (TETFund) in Nigeria says institutions that fall short of their enrolment, academic performance thresholds, or fail to retire their funds appropriately, risk losing their funding, reports News Agency of Nigeria.

The fund’s Executive Secretary Sonny Echono gave the warning in Abuja on Monday 12 May during a one-day strategic engagement with heads of institutions, bursars and heads of procurement of TETFund beneficiary institutions.

Echono questioned the inability of several institutions to access, utilise and adequately account for allocated funds. He noted that unutilised funds would be reallocated to institutions that are ready and willing to act. He expressed worry about the shortfall of students’ enrolment in some institutions and stressed the importance of accountability in utilising the funds released to beneficiary institutions.
Full report on the Peoples Gazette site