ASUU Presses For Efficient Management Of TETFund Investment

ASUU Presses For Efficient Management Of TETFund Investment

The Academic Staff Union of Universities (ASUU) has urged the proper utilization of resources from the Tertiary Education Trust Fund (TETFund) to advance development in tertiary institutions……CONTINUE READING

ASUU President, Prof. Emmanuel Osodeke, made this call during the inauguration of the TETFund Board of Trustees and Governing Councils in Abuja, which was presided over by the Minister of Education, Prof. Tahir Mamman. Prof. Osodeke expressed concern that TETFund resources are not being used effectively, noting that several projects on campuses from as far back as 2014 and 2015 remain unfinished.

He emphasized that TETFund is crucial for sustaining tertiary education in Nigeria and stressed that the educational system is in urgent need of reform. Reflecting on past experiences, he recalled a time when universities had international students and lecturers. Today, he said, the situation is so critical that 90% of lecturers in many universities come from the same state.

Prof. Osodeke urged the council to use TETFund resources wisely for the benefit of future generations. He stressed that, if managed properly, these funds could resolve many issues. However, he pointed out that the current management of these resources has been ineffective, with numerous projects from previous years still incomplete. He called on the Minister and board members to review how the funds have been utilized.