₦3.8 Billion Released By FG To Assist Nigerian Students Unable To Return Home

₦3.8 Billion Released By FG To Assist Nigerian Students Unable To Return Home

The Federal Government has disclosed that it earmarked ₦3.8 billion to aid stranded Nigerian scholars abroad in recent periods. Sonny Echono, the Executive Secretary of the Tertiary Education Trust Fund, conveyed this during a session with the House of Representatives Committee on TETFund in Abuja on Thursday……….CONTINUE READING

Echono indicated that the Fund had extended support to 1,500 scholars, totaling ₦3.8 billion in financial assistance.

Responding to concerns about delays in scholarship disbursements, Echono clarified that the recent surge in foreign exchange rates had raised apprehensions among scholars from countries like the United Kingdom and Malaysia.

He affirmed that these concerns had been communicated to various stakeholders, including the National Assembly, the Presidential Villa, the Ministry of Education, and TETFund.

“We were pleased with the positive response, which led to the President’s approval and the implementation of what we termed the bailout or assistance,” Echono remarked.

He acknowledged the challenges faced in the disbursement process, noting that while funds were traditionally sent directly to institutions, some encountered difficulties in transferring payments to students. As part of their intervention, TETFund now facilitates direct payments to institutions to streamline the process

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