The Tertiary Education Trust Fund, TETFund, has warned that beneficiary institutions that fail to meet performance benchmarks or mismanage allocated funds risk being delisted from its support programmes.
Executive Secretary of TETFund, Sonny Echono, said this at a one-day strategic engagement with heads of institutions, bursars, and heads of procurement of the Fund’s beneficiary institutions on Monday in Abuja.
According to him, the policy was not meant to punish, but rather to safeguard the credibility and impact of TETFund interventions.
“Let me be clear, institutions that consistently fail to access, utilize or retire funds appropriately, or that fall short of enrollment and academic performance thresholds, risk being delisted as TETFund beneficiary institutions,” he said.
Echono also stated that the Fund would ensure that its resources are directed towards institutions committed to high standards of governance, transparency and accountability.
The TETFund boss further said that the strategic engagement aims to address recurring challenges in Nigeria’s tertiary education sector, improve project execution, and enhance the quality of education.
