TETFund
The Federal Government (FG) has approved a ₦30 billion stabilisation fund for federal universities across Nigeria, in a renewed effort to address funding challenges and improve stability in the country’s tertiary education sector.
The fund, which will be released in phases, is part of an agreement reached between the FG and the Academic Staff Union of Universities (ASUU), aimed at strengthening university operations, improving infrastructure, and enhancing teaching and research capacity. Education officials say the intervention is designed to cushion the impact of rising operational costs and years of underfunding.
According to government sources, the National Universities Commission (NUC) will coordinate the disbursement and monitoring of the fund to ensure accountability and effective utilisation. The initiative is also expected to help reduce industrial disputes that have frequently disrupted academic calendars in federal universities.
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The stabilisation fund comes alongside other federal interventions in the education sector. Recently, the FG released funds to offset salary and promotion arrears owed to university staff, while increased allocations to TETFund have continued to support infrastructure development and staff training in tertiary institutions.
Despite welcoming the intervention, education stakeholders have urged the government to ensure timely release and transparent management of the funds, noting that sustained investment is critical to restoring confidence in Nigeria’s public university system.
The ₦30bn injection is seen as a short-term relief measure, as calls persist for broader reforms and increased budgetary allocation to education in line with UNESCO recommendations.
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