The Federal Government has increased funding to universities, polytechnics and Colleges of Education by more than 40 per cent through the Education Tertiary Fund (ETF) intervention support.
Education Minister Professor Ruqayyatu Ahmed Rufa'i, who announced this year's direct allocation to tertiary institutions through ETF yesterday, said tertiary institutions would no longer complain of funding as their major problem.
She said a total of N70.6bn has been slated for the institutions, noting that universities have 46 per cent increment, 44 per cent for polytechnics and 72 per cent for Colleges of Education.
The minister spoke at the annual strategic planning workshop with federal and state tertiary institutions in Abuja.
She said each university would receive N598 million, polytechnic N339.5 million and every College of Education N321 million.
She said the sum of N25 billion has been allocated for this year's Special High Impact programme meant for upgrading infrastructure and that 12 tertiary institutions on the principle of one university and one polytechnic or College of Education from each of the six geo-political zones would receive N3bn each for universities and N1billion each for the rest.
Universities to benefit include University of Lagos, Anambra State University, Uli; University of Calabar, Kebbi State University of Science & Technology, Aliero; Modibbo Adama University of Technology, Yola and Benue State University, Makurdi.
Polytechnics include the Polytechnic Ibadan, Federal Polytechnic Kauran Namoda; Federal Polytechnic, Nasarawa. While Colleges of Education to benefit from the special funding include Alvan Ikoku College of Education Owerri; Delta State College of Education, Agbor and Bauchi State College of Education, Azare.