The Federal Government has disbursed ₦38.93 billion to 166 public tertiary institutions across Nigeria under the Needs Assessment Revitalisation Fund to address critical infrastructure deficits and enhance teaching and learning facilities.
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The intervention was announced on behalf of the government in a statement issued by the Head of Media at the Federal Ministry of Finance, Efe Ovuakporie, in Abuja.
According to the breakdown provided by the ministry, universities received the largest share of the intervention, with ₦28.5 billion allocated across 79 institutions.
Additionally, ₦5.8 billion was disbursed to 46 polytechnics, while ₦4.7 billion was allocated to 41 colleges of education.
Ovuakporie noted that the intervention is designed to enable beneficiary institutions to immediately commence or advance approved capital projects targeting infrastructural decay and institutional capacity building.
The disbursement also aligns with agreed measures under the Memorandum of Understanding (MoU) between the Federal Government and university staff unions to ensure continuous developmental support for higher education across the country.
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