TETfund Hails Kwara Varsity’s Utilisation Of N12bn Intervention Fund

The executive secretary of the Tertiary Education Trust Fund (TETfund), Arch. Sunny Echono, has commended the management of Kwara State University (KWASU), Malete for effective utilisation of funds released to the institution by the agency for special projects.

Echono while commissioning three TETfund projects during the combined 10 and 11th convocation of KWASU said the institution has received N12,681,599,496.67 from TETfund for infrastructure-related interventions from 2010 till date.

The executive secretary said that, “so far, 76.1 per cent of the funds had been accessed” adding that they are always delighted as a Fund to be associated with developmental efforts that promote the growth of the university system. 

He said, “This is particularly gratifying with the increase in the development of requisite infrastructure that aid learning, teaching, and research, as conspicuously evident on the KWASU landscape.”

Echono added: “It is remarkable to note that TETFund‘s interventions to the university commenced in 2010 and this privilege has been enjoyed till date.

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‚‘From commencement, a total sum of N12,681,599,496.67 has been allocated for infrastructure-related interventions, cutting across the Annual, Special and Zonal interventions, amongst others. 

‚‘So far, about 76.11 per cent of these funds have already been accessed for the provision of requisite facilities in the university.“

Echono said he believed that the projects undertaken with the funds have remarkably impacted on the mandate of the university in facilitating teaching, learning, and research.

‚‘I, therefore, wish to commend the management of the university for not only following the master plan layout, but also ensuring the engagement of competent professionals for the design of the structures and for also monitoring the delivery of the various intervention projects executed from inception,” he said.

‚‘The three projects to be commissioned are those of the Special High Impact and Annual interventions,“ he stated.