The Tertiary Education Trust Fund (TETFund) is not being accessed by various tertiary institutions in Nigeria due to improper documentation and problems associated with financial reports.
This was made known by the Executive Secretary of TETFund, Prof. Suleiman Bogoro who said that the insistence on adherence to the guidelines was posing a challenge for the institutions to easily access funds.
“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.
Borogo added that 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.
He expressed the fund’s commitment towards effective and efficient delivery of its projects, in keeping with the transformation agenda of President Goodluck Jonathan.
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