- Sonny Echono, the Executive Secretary of TETFund, announced the establishment of innovation hubs in six universities across Nigeria
- The selected universities include University of Ilorin, University of Maiduguri, and Bayero University
- The goal of these innovation hubs is to foster entrepreneurship and innovation, provide round-the-clock access to resources, and promote economic development
Sonny Echono, the Executive Secretary of the Tertiary Education Trust Fund (TETFund), announced at a media conference in Abuja on Thursday, April 13, that innovation hubs will be established in six universities across Nigeria.
Echono stated that the innovation hubs would also be set up in polytechnics and Colleges of Education, TheCable reported.
The universities where the innovation hubs will be established are:
- University of Ilorin (Kwara)
- University of Maiduguri (Borno)
- Bayero University (Kano)
- Federal University of Technology (Imo)
- University of Port Harcourt (Rivers)
- University of Lagos (Lagos)
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The universities were selected from each of the six geopolitical zones in the country.
Why the innovation hubs are important - Echono
According to Echono, the establishment of these innovation hubs is essential as universities should produce graduates who can apply their knowledge and skills to create market-driven solutions and contribute to the development of the country.
The aim is to foster entrepreneurship and innovation, and enable students, academics, researchers, and even members of the public to transform their ideas into practical solutions.
Echono further explained that the partnership with major innovation hubs for training currently comes at a cost, and the goal is to localize these resources in the universities, allowing for round-the-clock access and utilization by students, scholars, lecturers, and the public in those areas.
This will enhance their contribution to their communities and promote economic development through entrepreneurship and innovation.
Full list of Nigerian universities, polytechnics, Colleges of Education to get N18 billion from TETFund
In addition to the six universities, Echono also mentioned that innovation hubs would be established in other universities in the future.
Nigerian universities, polytechnics, Colleges of Education to get N18bn from TETFund
In a related development, Echon also announced that TETFund would disburse N18 billion to six public universities as part of its Special High Impact Intervention.
He provided a breakdown of the recently approved 2023 Intervention Budget of N320 billion by President Muhammadu Buhari during a briefing in Abuja on Thursday, April 13.
According to Echono, six selected universities will receive N3 billion each, while six polytechnics and six Colleges of Education across the country will each receive N1 billion.