- The sum of N5 billion has been approved by President Buhari for research in tertiary institutions
- The approved sum will be distributed by TETFund through its research fund set up for that purpose
- The money, said to be the highest approved since the establishment of the research fund in 2009, would cater for research in areas like science, technology, humanities and others
President Muhammadu Buhari on Wednesday, July 10, approved the sum of N5 billion for the purpose of research in higher institutions.
The newly approved fund will be distributed by the Tertiary Education Trust Fund (TETFund) through its National Research Fund, The Nation reports.
Suleiman Bogoro, the executive secretary of TETFund made this known during the inauguration of a national research fund screening and monitoring committee in Abuja.
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The secretary said that the funds would allow scholars in the institutions to carry out quality research for the growth of the nation.
Bogoro also added that the sum was the highest that has been approved since the establishment of the research fund in 2009. He explained that the fund would cater for research in areas like science, technology, humanities, social sciences and others.
The head of TETFund also said that members of the fund committee consist of excellent academics that would devote their time in screening research proposals for the fund.
He therefore asked the committee members to identify proposals that are worthy of the grants through the various processes put in place.
Prof Olufemi Bamiro, the chairman of the committee said they would get to work immediately so that researchers can have access to the funds.
Recall that Legit.ng earlier reported that President Buhari signed the N243.37 billion Federal Capital Territory Appropriation Bill 2019 into law.
The president’s senior special assistant on national assembly matters (Senate), Senator Ita Enang, told State House correspondents that N130.7 billion of the amount is for capital expenditure while the remaining balance is for recurrent expenditure.
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He said: “This amount is from the statutory revenue allocation due to the Federal Capital Territory. “This is in addition to the budgetary provision of N23,023,593,146 for capital expenditure made in the 2019 budget earlier assented to by Mr President on May 27, 2019.’’
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