Scholarship How TETFund Spent ₦185bn on 35,000 Scholars

The Tertiary Education Trust Fund (TETFund) has disclosed that no fewer than 35,000 beneficiaries of the TETFund scholarship for the academic staff programme, which started in 2008, have received payments totaling 185 billion.

Acting Director, Academic Staff Training and Development, Abdullahi Imam, made this known when the representatives of TETFund scholars paid a courtesy visit to the Executive Secretary of TETFund, Sonny Echono in Abuja, yesterday.

He went on to add that the project was the second in terms of cost after infrastructural projects of the Fund and that it was formed with the express purpose of training and upgrading the educational competence of the academic staff of recipient institutions.

Imam also sought the Executive Secretary’s approval to have a TETFund Scholars Alumni which he said would help identify areas of specialisation and pool them into a critical mass of knowledgeable workforce and change agents for the development of the nation.

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He added that the Alumni through its planned journals on issues like innovation and entrepreneurship, science, engineering and technology, art, humanities and social science would help to prevent or curtail intellectual flight.

‘Next is the compilation of soft copies of their thesis in order to have a repository for the National Library/State. We are not only thinking of the database, we want to have a repository of their thesis so that it will pass it to the libraries for reference purposes,’ he said.

While speaking also on the plans to showcase the capacities, competence and the scholars by developing a database for the Alumni, Imam noted that the scholars will serve as a voluntary advisory house on national research needs, institutional collaboration and industry partnership.

Speaking on the reason for their visit, one of the scholars, Prof. Kinsley Nwozor stated that they were there to appreciate the Fund for standing by them through out the period of their studies adding that even though some of them were tempted to stay back after their education, they have decided to come back to the nation to prove their mettle and showcase to the world that the dream of TETFund  was a well-thought intention.

‘There is no national agency  that has done what TETfund is doing in Nigeria. An investment of N185 billion is not a chicken change. It is time for us to look at innovative ways of making TETfund stand out. You have done so much with gigantic infrastructures in universities. We also believe that gigantic structures don’t make gigantic universities but gigantic minds. We are TETfund ambassadors wherever we are and with you by our side, there is nothing we cannot achieve,’ he said.

He added that the alumni will not be a parasite to TETFund but a source of revenue adding that they wanted to translate their knowledge to national wealth.

Responding, the executive secretary promised to support the scholars wherever they needed help adding the first point will be to develop a database that will have all the names of the beneficiaries and their areas of specialisation.

Africa Today News, New York

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