FG releases ₦38.93bn to revamp facilities in 166 tertiary institutions

By Onu Okorie

The Federal Government has allocated the largest share of its ₦38.93 billion tertiary education intervention to universities, with 79 institutions receiving ₦28.5 billion under the Needs Assessment Revitalisation Fund.
The allocation forms part of a broader disbursement to 166 public tertiary institutions nationwide to address infrastructure deficits and improve teaching and learning facilities.
The Federal Ministry of Finance disclosed this in a statement issued on Sunday by its Head of Media, Efe Ovuakporie.
Under the disbursement, 46 polytechnics will receive a combined ₦5.8 billion, while 41 colleges of education have been allocated ₦4.7 billion.
The intervention is aimed at enabling beneficiary institutions to execute approved projects designed to address critical infrastructure gaps and other identified institutional needs.
The fund also forms part of the Federal Government’s efforts to improve public tertiary education and implement agreed measures under the Memorandum of Understanding between the government and the Academic Staff Union of Universities (ASUU).
According to the ministry, the funding is expected to enable institutions to commence or accelerate approved projects, with a view to strengthening institutional capacity and improving the quality of tertiary education.
The disbursement also highlights the need for effective coordination among the Federal Ministry of Finance, the Federal Ministry of Education and beneficiary institutions to ensure that public funds deliver measurable improvements in educational infrastructure.
The government is expected to rely on the effective implementation of the approved projects to translate the financial intervention into better facilities and an improved learning environment across the beneficiary institutions.
Members of the public seeking details of the beneficiary institutions and their respective allocations have been advised to visit the official website of the Federal Ministry of Finance.