Sharing formula for interventions beyond TETFund – Echono tells Polytechnics


Executive Secretary, Tertiary Education Trust Fund, TETFund, Sonny Echono has said the issue of sharing formula for the normal intervention to tertiary institutions is entrenched in the law establishing the Fund and it required amendment for any change to take place.

Echono made this submission while responding to the request of the Association of Heads of Polytechnics and Colleges of Technology in Nigeria, COHEADS, to reconsider the sharing formula in favour of Polytechnics during their courtesy visit to him.

The Executive Secretary, who shared in the thought of Polytechnics on global trends moving towards skills, innovation, and entrepreneurship, however, assured the association that TETFund will support some forms of intervention that would enhance the capacity of the Nigeria Polytechnics.

“Concerning your request, there are things we can do and there are things that are beyond us. For example, the issue of sharing formula is entrenched in the law establishing the Fund and requires an amendment of the law to effect any change. But, however, in terms of special interventions, we do have some elements of input that the Board of Trustees can exercise and in those areas, we will support you,” said ES.

He commended polytechnics for being on the frontline of providing manpower for the development of the national economy, charging COHEADS members to use their tremendous responsibility on them to ensure graduates are employable and are able to identify and fill skill gaps in the economy.

To achieve this, Echono submitted that it required providing an enabling environment in terms of facilities, in terms of the right faculty and also embracing a continuous professional programme that would enhance the quality of education.

Speaking earlier, Chairman Council of Heads of Polytechnics and Colleges of Technology in Nigeria, COHEADS, Dr Akinkurolere Olufunke Olanike who was part of the delegation to the courtesy visit, said there was an improvement in the Fund’s work and its quick responses.

Olanike acknowledged the role of the Fund in national development, affirming that TETFund is leading in Nigeria’s human capital development.

She also acquainted the TETFund boss with the activities of the COHEADS which include, providing a forum for Chief Executives of Polytechnics/ Colleges of Technology to exchange experiences, views and ideas on issues of common interest and in particular, to act as a catalyst for the growth and development of sound technical and vocational education in Nigeria; to make collective representations and responses to national and international issues involving all aspects of technical and vocational education in Nigeria.

Meanwhile, in her address, the chairman informed the Executive Secretary that the National Skills Framework, NSQF, has been added to Polytechnics’ mandate, stressing the need for TETFund to assist in the development of skills acquisition centres in the Polytechnics through special interventions.



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