FG Approves ₦5bn for Research Investment in 2024.
FG Approves ₦5bn for Research Investment in 2024.
In a statement released on the X (formerly Twitter) page of TETfund, the federal government of Nigeria has released the sum of ₦5 billion to TETfund to carryout research.
RELATED STORIES:
illiterate graduates Educare CEO calls Imo State University, Engineering Graduates
FG Partners with Brazil to Boost Agribusiness and Attract $4.3 Billion in Investments
Remember that The Tertiary Education Trust Fund (TETfund) is responsible for imposing, managing and disbursing the Education Tax to public tertiary institutions in Nigeria.
In a significant move to address national development challenges through targeted research efforts in public tertiary institutions, the Minister of Education, Dr. Tunji Alausa said,
“President Bola Ahmed Tinubu has approved ₦5 billion for investment in research activities for 2024 through TETfund’s National Research Fund.”
Alausa, who made this disclosure while speaking during an inspection of the venue for the 2024 TETfund National Research Fair and Exhibition in Abuja, emphasized the administration’s commitment to leveraging research and innovation to drive economic growth.
The fund would be bolstered by resources from public, private, and international sectors to empower scientists, engineers, and innovators to develop solutions for critical national challenges in areas such as power, healthcare, agriculture, water supply and communications.
