By 
By Kayode Abdul
Tertiary Education Trust Fund (TETFund) has reassured those who would be beneficiaries of its education intervention schemes of the initiative’s security amid the excitement that trailed the newly introduced NELFUND.
A board member of TETFund, Engr. Nurudeen Adeyemi, gave the assurance and clarification while speaking with journalists in Ilorin, Kwara State Capital, on Friday.
Adeyemi, a guest at the 5th Strategic Media Stakeholders’ Seminar organized by the Sobi FM Chapel of the Nigerian Union of Journalists (NUJ), Kwara State Council, in collaboration with the Nigeria Media Parliament, said TETFund has rejigged its capacity to contribute more meaningfully to the education development of the country in line with its objectives.
“The fund available for TETFund from 2023 to 2024 has doubled for various reasons. Each of the beneficiary’s institution gets access to all these funds based on their performances in all TETFund areas of intervention, but the only thing is that the foreign scholarship is now limited due to the abscondment of some past beneficiaries.
“There is no reason for fear of delimitation of funds at TETFund due to the newly created NELFUND both designed to serve a difference without any hindrance.”
Speaking further on the theme: The Role of TETFund in Repositioning Nigeria’s Higher Education, Engr Adeyemi, representing the North Central zone said TETFund sustained interventions in infrastructure development, academic training, research funding, and innovation have positioned it as a transformative force within the nation’s education sector.
He noted that the agency has remained committed to driving the vision of President Tinubu, which seeks to reposition Nigeria’s tertiary institutions to meet global standards and equip students with the skills needed for a competitive and evolving world.
“TETFund has been strategically deployed by the President as a vehicle for transformative change across Nigeria’s tertiary institutions.
“Through targeted investments in infrastructure, human capital, and research, the Fund is advancing the administration’s vision for a modern, accessible, and future-ready education system.”
He further highlighted TETFund’s role in the implementation of the Nigeria Education Loan Fund (NELFUND), stating that the agency serves as the primary financier of the initiative.
NELFUND launched as part of President Tinubu’s commitment to student financial support, aims to improve access to higher education through a sustainable, long-term financing framework.
“This is not just a political project. It is designed to have a lasting impact on future generations, far beyond the tenure of the current administration.”
The seminar brought together media professionals, education stakeholders, policy experts, and civil society actors who deliberated on strategies to enhance public awareness of TETFund’s contributions and to foster accountability in the education sector.
TETFund, established in 2011, is mandated to manage, disburse, and monitor education tax collections to public tertiary institutions in Nigeria, focusing on capital projects, research, and capacity development.
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