{"id":10078,"date":"2023-04-06T13:05:41","date_gmt":"2023-04-06T13:05:41","guid":{"rendered":"https:\/\/presspay.ng\/news\/?p=10078"},"modified":"2023-04-06T13:05:44","modified_gmt":"2023-04-06T13:05:44","slug":"pres-buhari-approves-n320-3bn-intervention-fund-to-tertiary-institutions","status":"publish","type":"post","link":"https:\/\/presspay.ng\/news\/pres-buhari-approves-n320-3bn-intervention-fund-to-tertiary-institutions\/","title":{"rendered":"Pres. Buhari Approves N320.3bn Intervention Fund to Tertiary Institutions"},"content":{"rendered":"\n<p>President Muhammadu Buhari has\u00a0approved the disbursement of <strong><em>N320.3 billion<\/em><\/strong> as intervention funds for public tertiary institutions in the country for the year 2023. This was disclosed by the Executive Secretary of Tertiary Education Trust Fund, Sonny Echono,\u00a0in Abuja on Wednesday, April 5, during the Fund\u2019s annual strategic planning workshop.<\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"275\" height=\"183\" src=\"https:\/\/presspay.ng\/news\/wp-content\/uploads\/2023\/04\/Buhari-1.jpg\" alt=\"\" class=\"wp-image-10080\"\/><figcaption class=\"wp-element-caption\">President Muhammadu Buhari<\/figcaption><\/figure>\n\n\n\n<p>According\u00a0to Echono, each university will receive the sum of <strong><em>N1,154,732,133.00<\/em><\/strong> out of which\u00a0<strong><em>N954,732,123.00<\/em><\/strong> is for annual direct disbursement and <strong><em>N200 million<\/em><\/strong> as zonal intervention. Each polytechnic\u00a0will get <strong><em>N699,344,867.00<\/em><\/strong> of which\u00a0<em><strong>N569,344,807.00 <\/strong><\/em>is for annual direct disbursement and <strong>N130million<\/strong> as zonal intervention, while each College of education will\u00a0receive <strong><em>N800,862,602 <\/em><\/strong>comprising <strong><em>N670,862,602.00<\/em><\/strong> as annual direct disbursement and <strong><em>N130million<\/em><\/strong> as zonal intervention.<\/p>\n\n\n\n<p>He noted that the 2023 fund was the highest disbursement\u00a0each beneficiary institution has ever received\u00a0since the inception of the Fund about 30 years ago.<\/p>\n\n\n\n<p>Also speaking, the Permanent Secretary\u00a0of the Federal Ministry of Education, David Adejo, urged the beneficiary institutions to use the intervention judiciously, saying that the country is no longer looking for paper presentations but what one can do with his brain and hands.<\/p>\n\n\n\n<p>Source: Dailypost.ng<\/p>\n","protected":false},"excerpt":{"rendered":"<p>President Muhammadu Buhari has\u00a0approved the disbursement of N320.3 billion as intervention funds for public tertiary institutions in the country for<\/p>\n","protected":false},"author":1,"featured_media":10080,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"colormag_page_container_layout":"default_layout","colormag_page_sidebar_layout":"default_layout","footnotes":""},"categories":[49],"tags":[],"class_list":["post-10078","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-education"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Pres. 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