Prof. Suleiman Bogoro, Executive Secretary of Tertiary Education Trust Fund (TETFund), has identified improper documentation and problems associated with financial reports as the major reasons hindering tertiary institutions from accessing intervention funds.
The executive secretary stated this on Sunday in Abuja in an interview with the News Agency of Nigeria (NAN).
“In the past, TETFund observed with dismay that one of the major problems associated with accessing funds is improper documentation and rendition of financial returns.
“It is this problem that necessitated the fund to come up with a draft format on efficient and effective guidelines for projects, programmes and financial reports.
He said TETFund’s insistence on adherence to the guidelines was posing a challenge for the institutions to easily access funds.
Borogo said TETFund was taking a second look at the guidelines to ease the hurdles for intervention funds without total disregard to due process and laid down rules and regulations.
“It was in view of this development that TETFund recently held stakeholders’ interactive workshop and Town Hall Meetings in tertiary institutions across the six geo-political zones in the country.
He said the workshop helped in sensitising the stakeholders on the needful with the Public Procurement Act, owing to complaints about inability of beneficiaries of TETFund to comply with the act.
Bogoro expressed the fund’s commitment towards effective and efficient delivery of its projects, in keeping with the transformation agenda of President Goodluck Jonathan.(NAN)