Improper documentation denies tertiary institutions access to intervention funds-TETFund

on   /   in News 6:20 pm   /   Comments

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)

    Print       Email