We Have No Business Funding Private Institutions – TETFund BoT Chair

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01FA6D5C C8EB 490A 9457 BC581A2B3B70

By Admin

The Management of the Tertiary Education Trust Fund (TETFund) has dismissed a calls by some private institutions in the country that the Education Trust Funds should be extended to them.

The chairman TETFund Board of Trustees, Kashim Imam disclosed this in Ilorin, kwara state capital while speaking with journalists after an assessment tour of TETFund projects at the University of Ilorin, said that TETFund is about public institutions said the agency is determined to prove that public agencies can actually work and do so with integrity.
We could recall that the Vice Chancellor of a faith based private University, Al-Hikmah University, Ilorin, Kwara state, Prof Noah Yusuf had last Tuesday during the school convocation lecture called on the Federal Government through TETFund to extend grants to private varsities in the country.
According to him “TETFund is doing absolutely nothing to capture private tertiary institutions in our scheme of things. It is enough that we are impacting on public tertiary institutions. At the moment we have more than 226 state and federal universities, polytechnics and
colleges of education that we are funding.
“We want to fund them to the extent that they can compete and even do better than the private universities. This is our objective. We have no business funding private tertiary institutions. I don’t subscribe to it. I don’t support it and I will not be a party to it.
“It is just enough for us to impact on the public tertiary institutions owned by the state and federal governments. This covers universities, polytechnics and colleges of education. Private universities are established by private investors to make money. So it is not our responsibility to fund private universities.
“The 226 tertiary institutions accessing TETFund funds are very significant numbers. The institutions are evenly spread across all the six geo-political zones of the country. Not only that we fund all these institutions equally regardless of whether they are owned by the state or federal governments and we will do more.”
 The Vice Chancellor of the university of Ilorin, Prof Sulyman AbdulKareem expressed happiness to TETFund for its interventions in the institution.
“I feel good because there is nothing like showing people the help they have done to you. This university has benefitted enough over the years, from TETFund. Like I said if you take the intervention of TETFund from our campus we have not much to say it. We thank God for them and we pray that they will do more for us”, he said.
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