Jonathan Angry With Varsity VCs, Others For Abandoning N65.6bn Fund

Filed in EDUCATION NEWS by on May 21, 2014 0 Comments

President Goodluck Jonathan is peeved with the management of some universities and other public tertiary institutions for abandoning over N65.6 billion intervention fund with the Tertiary Education Trust Fund.


Jonathan, however, expressed the unwavering commitment of his administration to support tertiary institutions in progressive development, while ordering the defaulting institutions to immediately commence the process of accessing the funds or lose them.

Jonathan spoke in Abuja on Tuesday while declaring open a two-day workshop organised by the Independent Corrupt Practices and Other Related Offences Commission (ICPC) in collaboration with the Tertiary Education Trust Fund (TETFund) and Office of the Special Assistant to the President on Ethics and Values.

He said: “I have received the report from the Tertiary Education Trust Fund that a good number of our institutions have failed to access the funds allocated to them. These funds, which run into billions of naira, have accumulated over the years.

“I urged all the respective institutions to do the needful in this regard. We must fast forward sustainable development of our tertiary institutions and we cannot allow inertia or nonchalant to slow us down,” he said.

Represented by the Secretary to the Government of the Federation, Senator Anyim Pius Anyim, Jonathan decried the high level of un-accessed fund when paradoxically the general outcry has been lack of adequate funding to public institutions in Nigeria.

President Jonathan also challenged the management of both public and private tertiary institutions to enthrone transparency, probity and accountability in the management of the resources allocated to them.

He said: “In addition to accessing the funds, we must build into the system appropriate values of transparency and accountability in dispensing funds that are entrusted to the managers of these institutions, even as we inculcate into our students the ethical values that help drive the development of this country in the 21st centuries and beyond.”

Stay updated with all Nigeria University news, Polytechnic news, Post-Utme, Jamb Results and more; Join/Like Us now on Facebook and twitter

Don’t forget to share this news with your friends using the Share buttons below…



Tags: ,

Leave a Reply

Your email address will not be published. Required fields are marked *