Home News N683 Billion Grant: Your directive To TETFund Won’t Stand, State Varsities Tackle Reps
News

N683 Billion Grant: Your directive To TETFund Won’t Stand, State Varsities Tackle Reps

Share
Share

The Committee of Pro-Chancellors of State-Owned Universities (COPSUN) has protested against the decision of the House of Representatives Committee on Tertiary Education Trust Fund (TETFund) to stop the implementation of the 2024 TETFund intervention in State Universities.

The organization therefore called on the House of Representatives Committee on TETFund to rescind the directive and allow for further consultations, if necessary.

The National Assembly had stopped the N683 billion TETFund intervention projects slated for 2024 and requested all Universities to submit drawings, designs, specifications, procurement details and other relevant documents to the committee.

But COPSUN in a statement by its Secretary Suleiman Abubakar Mahdi, on behalf of the chairman, expressed concern over the directive.

According to him, the action is not only an encroachment on the autonomy of the Universities but also an infringement on the doctrine of separation of powers, which, he said, could potentially lead to conflict among the different tiers and branches of government.

He said, “It should be noted that the Governing Councils of the various state-owned universities are, by law, empowered to award or approve the award of contracts after due procurement processes and are exercising this executive prerogative.

“The House Committee may wish to be respectfully reminded that the funds disbursed by TETFund belong to the States and are subject to appropriation and exclusive oversight by the various states’ Houses of Assembly.

“Therefore, the directive, even if valid, should not apply to State-Owned Universities. Furthermore, time is of the essence in executing these contracts, and with the upward trend in the dollar exchange rate resulting in inflation, this could ultimately increase costs

Share

Businesstoday Magazine

Businesstoday Conference/Awards

Related Articles

FG Condoles With Families Of Stampede Victims, Issues Advisory On Public Events During Yuletide

The Minister of Information and National Orientation, Mohammed Idris, deeply sympathizes with...

Enrollment For National Identification Number  Is Free- Says NIMC 

BY GABRIEL ESEZOBOR–The National Identity Management Commission (NIMC), on Friday reassured that...

Bloomberg Partners With Nigeria To Boost Global Investment Appeal

The Federal Government of Nigeria, through the Ministry of Finance Incorporated (MOFI),...

Mr. Magic: Dotun Oladipo @ 55

BY: AJAGBE ADEYEMI TESLIM –The true quality of a leader reflects on...