The Vice Chancellor of Olabisi Onabanjo University (OOU), Ago iwoye, Ogun State, Prof. Ayodele Agboola has appealed to the Federal Government not to abolish the Tertiary Education Trust Fund (TETFund)
In a chat with some newsmen in Ago Iwoye, during the academic institution’s 34th convocation, Agboola said that, instead of scrapping TETFund for Nigerian Education Loan Fund (NELFUND) ‘;both can be operating pari-passu because they perform different functions’.
He said that TETFund’s role is to assist the government-owned higher institutions at the federal and state levels in the area of infrastructure and capacity building of the staffs while NELFUND is to assist students to secure loans without interest: so they have different functions and merging or scraping one for the other may create confusion’.
Continuing, Agboola said that most of the modern buildings in Nigerian universities were built through the assistance of TETFund. ‘Even most of the buildings in OOU were built through the assistance of TETFUND except one or two donated by someone individuals’, he said.
On whether TETFund funding should be extended to private universities, the Vice Chancellor said that ‘TETFund is for government-owned universities, since private universities are profit making institutions there is no way you will use the tax payers money for a profit making venture like a private university’.
