The Federal Government says it has allocated N940.5 billion to the Tertiary Education Trust Fund (TETFund) in the 2025 fiscal year to enhance manpower and infrastructure development in the education sector.
President Bola Tinubu stated this on Saturday at the 42nd Founders’ Day and 33rd Convocation of the Federal University of Technology, Minna.
Represented by Rakiya Iliyasu, Director of Tertiary Education, Federal Ministry of Education, Tinubu said the gesture was demonstrating his administration’s commitment towards improving educational infrastructure and manpower.
He said the federal government had disbursed over N104 billion in loans to more than 600,000 students across tertiary institutions under the Nigerian Education Loan Fund (NELFUND).
Tinubu reiterated his administration’s commitment to fostering a knowledge-driven society, prioritising education in its policies and funding initiatives.
He urged universities to deepen collaborations with industries, aligning research with societal needs to contribute meaningfully to national development.
The president congratulated the graduates for their resilience and determination and enjoined them to embrace their new chapter with confidence and purpose.
The Vice-Chancellor, Prof. Faruk Adamu-Kuta, described the institution’s 42nd Founders’ Day and 33rd Convocation Ceremony as historical.
He said the university had grown to become a leading institution in technological education in the country, ranking 8th on the index of best universities in Nigeria and 2nd among specialised universities.
Gov. Umaru Bago of Niger expressed gratitude to the university for conferring on him a Doctorate Degree in Agriculture, saying that it served as a call to do more in the sector.
