PRESS STATEMENT
The Tertiary Education Trust Fund (TETFund) disbursed its Annual Direct Disbursement funds for the 2026 intervention cycle to Two Hundred and Seventy-One (271) beneficiary institutions across the country.
Under the disbursement, each beneficiary university received Two Billion, Five Hundred and Twenty-Five Million, Nine Hundred and Thirty-Two Thousand, Two Hundred and Twenty-Eight Naira, Two Kobo (₦2,525,932,228.02); each beneficiary polytechnic received One Billion, Eight Hundred and Seventy-One Million, Fifty-Nine Thousand, Nine Hundred and Twenty Naira, Fifty-Three Kobo (₦1,871,059,920.53); while each College of Education received Two Billion, Fifty-Six Million, Five Hundred and Twenty-Seven Thousand, Nine Hundred and Seventy-Three Naira, Four Kobo (₦2,056,527,973.04).
The Annual Direct Disbursement represents Fifty Per Cent (50%) of the total Direct Disbursement allocation for the 2026 intervention cycle.
The disbursement took place during TETFund’s Annual Strategic Engagement with beneficiary institutions, attended by Vice Chancellors, Rectors and Provosts of universities, polytechnics and colleges of education nationwide. The engagement was held under the Chairmanship of the Chairman, Board of Trustees of TETFund, Rt. Hon. Aminu Bello Masari.
In his remarks, the Chairman charged beneficiary institutions and implementing officers to ensure strict accountability, transparency and prudent utilization of the funds. He recalled the successes of the zonal and national town hall meetings held across the country, noting that they significantly enhanced public awareness of TETFund’s mandate and interventions.
Earlier, the Executive Secretary of TETFund, Arc. Sonny S. T. Echono, explained that the strategic engagement focused on the 2026 disbursement guidelines and a feedback session on the implementation of the 2025 intervention programmes.
He expressed appreciation to His Excellency, President Bola Ahmed Tinubu, GCFR, for the timely approval of the 2026 intervention guidelines, as well as the Honourable Minister of Education Dr Tunji Alausa for the prompt transmission of the guidelines to Mr. President.
Reflecting on the 2025 intervention year, the Executive Secretary noted that the Fund recorded notable progress in stakeholder engagement, policy alignment, timely implementation of intervention programmes and sustained capacity-building across beneficiary institutions.
He added that the Annual Direct Disbursement funds are targeted at strengthening critical physical infrastructure, enhancing academic programmes, boosting research and innovation, and driving overall transformation of Nigeria’s tertiary education sector.
Union leaders representing academic staff of universities, polytechnics and colleges of education commended TETFund for the early distribution of the 2026 award letters, describing it as a positive development that would support effective planning and timely project execution.
Dr Mansur D Liman
SA to Chairman BoT TETFund.
