HomeBusinessTETFund bars institutions with abandoned projects from new interventions

TETFund bars institutions with abandoned projects from new interventions

The Board of Trustees of the Tertiary Education Trust Fund has announced that tertiary institutions with delayed or abandoned TETFund-funded projects will not be allowed to access new intervention projects under the 2027 allocation cycle unless they complete the outstanding projects.

The Chairman of the Board of Trustees, Aminu Masari, made this known in a statement on Wednesday signed by its Head of Public Relations, Abdulmumin Oniyangi, adding that it is aimed at addressing persistent delays in the execution of intervention projects across beneficiary institutions despite previous efforts to resolve the challenge.

Masari said the board had taken a “final stand” on the issue after observing that many institutions continued to fail to complete approved projects within stipulated timelines.

He explained that although external factors such as fluctuations in the prices of construction materials initially contributed to project delays, the board had introduced a special intervention line in 2023 to

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