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Allocates N940.5 billion to TETFund
From John Adams, Minna
President Ahmed Bola Tinubu says the federal government has so far disbursed N104 billion to 600,000 benefiting students under the Nigerian Education Loan Fund (NELFUND) to ensure that financial challenges do not hinder access to quality education for Nigerian students.
The President disclosed this in Minna on Saturday in his speech at the 42nd Founder’s Day and the 33rd Convocation of the Federal University of Technology (FUT), Minna, Niger State.
President Tinubu, who was represented at the occasion by Hajiya Rakiya Gambo Iliyasu, a director in the Federal Ministry of Education, pointed out that his administration recognises the vital role of education in national development; hence, he is committed to fostering a knowledge-driven society.
According to him, “We have prioritised education in our policies and funding initiatives, as outlined in our National Development Plan (NDP).
“We are laying the groundwork for a diversified economy by investing in critical infrastructure, innovation, and capacity building.”
Consequently, he stated further that his administration has allocated the sum of N940.5 billion to TETFund in the 2025 budget, a testament to the administration’s commitment to improving educational infrastructure and manpower.
“We remain resolute in addressing challenges in the education sector, including ensuring industrial harmony in universities. Steps such as the renegotiation of the 2009 agreement with university staff unions and the resolution of salary issues demonstrate our determination to foster stability in higher education,” he added.
While commending all the graduating students, their families, and the university community, he emphasised that the successful completion of a university education is a moment of immense pride, symbolising years of dedication, hard work, and perseverance by the students and their families, as well as the steadfast commitment of the institution to academic excellence.
He maintained that “Today’s convocation ceremony is more than a celebration of academic achievement; it represents hope and progress for our nation. The graduates before us are the bright minds who will drive Nigeria’s development, innovation, and global competitiveness.
“I see in you the future leaders and trailblazers who will propel our nation to greater heights in the community of nations. You have been equipped with knowledge and skills to innovate and contribute to society. Let integrity, resilience, and purpose guide your endeavours.”
The President equally commended the Governing Council, Management, and staff of FUT Minna for their unwavering dedication to delivering quality education and fulfilling the university’s mandate as a specialised institution, adding that “Your efforts in introducing relevant programmes of study reflect your commitment to national development, and I assure you of our continued support.”
He then urged universities in the country to deepen collaborations with industries to align research with societal needs, ensuring that the education system contributes meaningfully to national development.
“As we work to strengthen our economy and security, we are creating an environment where you can thrive and realise your potential. Let us remain united in our shared vision of a prosperous, united, and resilient Nigeria.”
The highlight of the convocation was the conferment of honorary doctorate degrees on some eminent Nigerians, including the Niger State Governor, Rt Hon Umaru Mohammed Bago; his Kaduna State counterpart, Alhaji Uba Sani; and Senator Sani Musa, among others.
No fewer than 5,816 students were awarded various degrees at the convocation.
The breakdown indicates that 119 graduated with first-class degrees, 1,431 with second-class upper, 2,341 with second-class lower, 972 with third-class, while 92 went home with a pass.