The Federal Government has disbursed ₦38.93 billion to 166 public tertiary institutions across the country under the Needs Assessment Revitalisation Fund, as part of efforts to address infrastructure deficits in the higher education sector.
According to a statement by the Head of Media at the Federal Ministry of Finance, Efe Ovuakporie, the funds are intended to improve learning environments and modernise facilities in public tertiary institutions.
A breakdown of the disbursement shows that ₦28.5 billion was allocated to 79 public universities, ₦5.8 billion to 46 polytechnics, while ₦4.7 billion was distributed among 41 colleges of education.
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The ministry said the targeted financial intervention aligns with the commitments outlined in the Memorandum of Understanding between the Federal Government and the Academic Staff Union of Universities.
The intervention will enable beneficiary institutions to commence new construction projects or complete ongoing infrastructure upgrades, with the aim of strengthening institutional capacity and improving the quality of tertiary education in Nigeria.
