The Academic Staff Union of Universities, (ASUU)has accused Tertiary Education Trust Fund (TETFund) of not remitting the total amount of N320billion approved by the Federal Government for revitalization of the public tertiary institutions in Nigeria
The Executive Secretary of Tertiary Education Trust Fund (TETFund), Sonny Echono had last Wednesday said President Muhammadu Buhari okayed the disbursement of N320 billion to Nigerian public tertiary institutions to resolve some of ASUU’s complaints from the strike last year.
But the national president of ASUU, Emmanuel Osodeke reacting to the statement during an interview on Channel Television monitored by Edu-biznews, claimed that only 58 per cent of authorized funding by the president had been allocated to public tertiary institutions in the country
He raised alarm over the where about of the TETFund’s unremitted N132 billion, representing 42 per cent of the N320 billion authorised funds for revitalising tertiary institutions.
The funds were intended to revitalise the Nigerian public tertiary institutions as part of the union’s four cardinal requests and a renegotiation of the 2009 government-ASUU agreement.
The ASUU boss insisted that TETFund must account for the undistributed funds.
“What are we using that N132 billion [for], which is 41% of the total money? Is it for bureaucracy or what?
“We need a redistribution of this fund to ensure that it accounts for 90% of what has been approved to go to universities, polytechnic and not kept as bureaucracy or whatever,” he concluded.
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