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Tuesday, February 18, 2014


 Varsities get N200b intervention fund letters

The Federal Government yesterday gave letters of allocation of the N200 billion intervention fund to public universities.  Supervising Minister of Education Nyesom Wike, who presented the letters at a meeting with vice chancellors in Abuja, said the Federal Government was committed to improving university education.
Wike advised the universities to ensure that the money was used to improve infrastructure in the schools. The minister said the government planned to give account of what tertiary institutions were doing from next month.
He explained that the institutions would account for the funds allocated to them to let the public know what the government was doing to improve the sector.
Wike said it was imperative that the public know how much government was investing in education and correct the impression that it was neglecting the sector.
The minister said the exercise would be conducted in the six geopolitical zones, beginning from March 4.

The exercise will begin with the Northcentral Zone at the Federal College of Agriculture, Makurdi, he said.
Wike said the Southeast would meet at the University of Nigeria, Nsukka, on March 11, while University of Port Harcourt would host the Southsouth on March 10.
The minister added that the Ahmadu Bello University would host the Northwest while the Southwest would converge on University of Ibadan.
He urged the universities not to see the exercise as an audit of their financial expenditure but a sensitisation of what they were doing to revitalise education.
Wike said the events would be transmitted live on the media for the public to know what investments the government was making in the sector and what the schools have on ground.
The Federal Government, in a bid to end the protracted strike by the Academic Staff Union of Universities (ASUU) in 2013, approved a N200 billion increase in university funding in the 2014 budget and for the next four years.

The Nation

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