TETFund Secures Record ?1.6 Trillion for Education, Healthcare, and Energy Interventions Across Nigeria

Katsina, Nigeria – The Tertiary Education Trust Fund (TETFund) has announced a landmark allocation of ?1.6 trillion for interventions across Nigeria’s tertiary institutions — the highest funding in the agency’s history.

The fund, sourced from the 3% education tax on company profits as mandated by the TETFund Act, is being strategically deployed to address critical needs in education, healthcare training, energy infrastructure, and student support.

This was revealed by Aminu Bello Masari, Chairman of TETFund’s Governing Board and former Governor of Katsina State, during a media briefing in Katsina on Sunday.

Strategic Allocations Across States and Sectors

Out of the total ?1.6 trillion, ?460 billion — representing 40% of the fund — has been earmarked for direct interventions in tertiary institutions nationwide. In each state, one university, one polytechnic, and one college of education have been selected as beneficiaries.

Additionally, ?225 billion has been allocated to the Nigerian Education Loan Fund (NELFUND) to support the Federal Government’s student loan scheme, designed to expand access to higher education for financially disadvantaged students.

To tackle energy challenges on campuses, ?70 billion will go into developing solar and gas-powered generation facilities, reducing dependence on unstable grid electricity.

Furthermore, ?25 billion has been set aside for campus security projects, including the installation of street lighting and other safety infrastructure to protect students and staff.

Boosting Medical Education and Workforce Capacity

In response to Nigeria’s growing shortage of healthcare professionals, TETFund has committed over ?100 billion to strengthen medical sciences training nationwide.

Under this plan, three institutions in each geopolitical zone will receive ?4 billion each to expand infrastructure and training in medicine, nursing, pharmacy, laboratory science, and other critical health fields.

Masari explained that this aligns with President Bola Tinubu’s directive to curb the brain drain in the healthcare sector.

“The President is worried about this trend and its impact on the healthcare system,” Masari said. “He wants measures in place to enable recovery through deliberate policies, such as this ongoing TETFund intervention.”

The initiative aims to double the number of trained healthcare professionals in Nigeria, thereby improving service delivery and strengthening the nation’s health system.

Accountability and Monitoring

Masari assured Nigerians that TETFund has a robust monitoring and evaluation framework in place, with independent consultants ensuring funds are strictly used for approved projects.

He stressed that the agency’s interventions are carried out annually at both state and zonal levels to ensure equitable distribution and maximum impact nationwide.

“This will greatly improve healthcare delivery and overall development across the country,” Masari added.

With this historic funding, TETFund is reinforcing its role as a central driver of national progress, channeling resources into education, healthcare, energy, and student empowerment — in line with Nigeria’s long-term socio-economic growth agenda.