By Dayo Johnson

THE Tertiary Education Trust Fund (TETF) says N100 billion intervention funds were yet to be fully accessed by tertiary institutions.

Chairman of the Board of Trustees (BOT) of the Fund, Alhaji Musa Babayo, said, “We have the backlog of the funds still lying at the TETF coffers not accessed.”

Babayo spoke at a capacity building workshop for tertiary institutions librarians and directors of academic planning held in Akure.

He expressed dismay that after the allocation of the funds to beneficiaries and not accessed for two to three years, they accumulated to N100 billion.

The chairman, speaking through another member of the Board, Chukwuemeka Eweremadu, Babayo pointed out: “I don’t have the data. But we have the backlog of the funds still lying at the TETF coffers not accessed”.

According to the BOT chairman, it was difficult for the institutions to access the funds because” they have the problem of conceptualizing the projects they want to execute.

“They have problem also with the consultancy services and that is why we are advocating that the consulting services be leased out to help them. Because for a director of physical planning of a university to be doing the TETF job that involves the drawing, the bill of quantity and all that are involved would be very difficult and that is why we have this problem of time lapse.”

On the need to amend the TETF Act, Babayo said “there was need to amend this law because originally the TETF was conceived to cater for tertiary institutions only.