The Academic Staff Union of Universities (ASUU) has called for the probe #132 billion (41%) balances of #320.3 billion interventions for public tertiary institutions.
ASUU President, Emmanuel Osodeke, while commending the federal government for the approval and release of the 2023 intervention fund, asked for redistribution of the fund to ensure 90% goes to the tertiary institutions.
According to him, “it (N320bn fund) is a good development, this is part of what we struggled for in 1994, it is our struggle, but there are issues we need to sort out.
“When you check the allocation of about N1.2 billion to universities and others, you find out that the total for all the universities, polytechnics, and colleges of education come to just about N186 billion allocated out of about N320, leaving a balance of N132 billion that has not been accounted for. What are we using that N132 billion which is 41% of the total amount of money? Is it for bureaucracy or for what?
“This is what has been happening in TETFund and I think there is a need to examine what exactly is happening at TETFund. The idea of this TETFund when it was negotiated by ASUU was that this money will come and be distributed to the universities, not keeping 41% for whatever purpose.
“I think we need a redistribution of this fund to ensure that it accounts for 90% of what has been approved to go to universities, polytechnic and not kept as bureaucracy or whatever. You need to tell the public what TETFund is doing with the balance of N132 billion,” ASUU chairman said.
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