TETFund warns institutions on proper utilization of intervention funds

By Mariam Abeeb

The Tertiary Education Trust Fund (TETFund) has issued a warning to beneficiary institutions that fail to properly utilize funds allocated for intervention projects, saying such institutions risk being delisted.

Executive Secretary of TETFund, Arc. Sonny Echono, gave the warning  in Abuja during a two-day strategic workshop for directors of physical planning, academic planning, and Information Communication Technology (ICT) from institutions benefiting from the Fund.

Echono said the workshop reflects the Fund’s commitment to reinforcing the country’s tertiary education system by closing gaps in its processes and procedures, particularly through a better understanding of its intervention guidelines.

He emphasized that TETFund would not stand idly by while certain institutions fall short of expectations.

“Let me reiterate institutions that fail to access, utilize or retire funds in accordance with Fund guidelines or that underperform in key academic or operational benchmarks may face delisting as TETFund beneficiaries.

“This policy is not punitive but rather a mechanism to safeguard the integrity and effectiveness of our interventions,” he said.

Echono explained that the primary aim of the gathering was to build the capacity of key personnel responsible for planning, implementation, and monitoring of TETFund-supported projects.

“Our aim is to ensure that every institution represented here is well equipped to align more effectively with the Fund’s operational procedures for greater efficiency, accountability, and developmental impact.

“This engagement is more than a routine meeting: it is a strategic convergence designed to address recurring implementation bottlenecks, improve compliance, and enhance institutional performance.

“It is our collective responsibility to ensure that the gains from TETFund interventions are not only sustained but amplified through timely and judicious utilization of resources,” he added.