Would you like to receive notifications on latest updates of the following headlines?

FG Disburses ₦3.8bn To Support Foreign Nigerian Students

POSTED ON June 2, 2024 •   Education      BY Benedicta Bassey •   VIEWS 116
President Bola Tinubu/ Photo credit: Dailyreality/ Source: X

 The sum of ₦3.8 billion has been allocated by the Tinubu-led Federal government to support stranded Nigerian scholars in foreign countries.

The Executive Secretary of the Tertiary Education Trust Fund, Sonny Echono, disclosed this in Abuja during a meeting with the House of Representatives Committee on TETFund.

He mentioned that the fund has provided support to 1,500 scholars, totalling ₦3.8 billion in funding.

In response to the reported delay in scholarship payments, Echono clarified that the recent spike in foreign exchange rates has raised concerns among scholars from various countries, including the United Kingdom and Malaysia.

Echono confirmed that these concerns had been communicated to the National Assembly, the Presidential Villa, the Ministry of Education, and even TETFund.

According to him, “We were happy that the response was very positive and that was why we were able to secure the President’s approval and do what we called the bail out or assistance.

“In the past, each time we send funding for the institutions, we send money directly to the schools and it is the responsibility of the institutions to now remit to the students.

“However, for illegitimate and legitimate reasons, many of the institutions came back to us and complained that it takes a whole lot of time to process the transfers to central bank.

“But we now pay directly to the institution as part of our intervention,” he said.

Echono disclosed that Nigeria’s performance in research grants has improved, moving from 9th to 7th place in Africa.

RECOMMENDED FOR YOU
51 bag first class as Elizade University as VC decries cost of power
BY Benedicta Bassey October 31, 2024 0

No fewer than 51 students bag first class as Elizade University, Ilara Mokin, Ondo state, even as th...

RECOMMENDED FOR YOU
Why U.S. election is important to global audience — UNILAG VC Ogunshola
BY Benedicta Bassey October 31, 2024 0

As the United States' election draws near, the Vice-Chancellor of the University of Lagos (UNILAG),...

RECOMMENDED FOR YOU
Otti sacks Abia varsity VC, names replacement
BY Benedicta Bassey October 29, 2024 0

Governor Alex Otti has sacked the Vice Chancellor of the Abia State University, Professor Onyemachi...

RECOMMENDED FOR YOU
LASG backs LASUCOM upgrade to specialized medical varsity
BY Benedicta Bassey October 28, 2024 0

The Lagos State Commissioner for Tertiary Education, Tolani Sule, has announced that the State Execu...

RECOMMENDED FOR YOU
ASUP postpones strike action to Dec. 2
BY Benedicta Bassey October 27, 2024 0

The Academic Staff Union of Polytechnics, ASUP, on Sunday announced the postponement of its planned...

RECOMMENDED FOR YOU
NASU, SSANU begin indefinite strike on Monday over unpaid salaries
BY Benedicta Bassey October 27, 2024 0

Following a four months withheld salaries, the Joint Action Committee, JAC, of non teaching staff un...

RECOMMENDED FOR YOU
As ASUU, NASU, SSANU plan strike: Tinubu appeals for dialogue
BY Benedicta Bassey October 23, 2024 0

President Bola Tinubu has called on the members of staff of Nigerian universities to a negotiation t...

RECOMMENDED FOR YOU
Benue varsity suspends VC, appoints prof Agbo as new acting VC
BY Benedicta Bassey October 22, 2024 0

The Governing Council, Federal University of Health Sciences, Otukpo, Benue State, has appointed Pro...

OUR CHANNELS:

OTHER ARTICLES ::

5th November, 2024
Economic Showdown: Atiku's Critique vs. Tinubu's Policies A Leadership Divide
BY ROCKETPARROT.com staff November 5, 2024 0

In a recent exchange highlighting the growing tensions in Nigeria's political landscape, former Vice...


Indianapolis Woman Dies in I-65 Accident Near Columbus After Return from Kentucky Event
BY ROCKETPARROT.com staff November 5, 2024 0

COLUMBUS, Ind. — A tragic accident claimed the life of Indianapolis resident Omotope G. Oyedir...


Adriano's Decline: From Football Glory to Favela Streets
BY ROCKETPARROT.com staff November 5, 2024 0

Health concerns arise as a recent video surfaces showing Adriano, the former Inter Milan and Brazil...


Proposed tax reform bills not against North, says Presidency
BY Abiodun Saheed Omodara November 5, 2024 0

The Presidency has said contrary to job loss fears and perceived marginalisation of the North, the t...


Kaduna approves N72,000 minimum wage
BY Abiodun Saheed Omodara November 5, 2024 0

The Kaduna State Governor, Uba Sani, has approved a new minimum wage of N72,000 for civil servants i...


Man Utd seal deal with Amorim as new manager — Report
BY Abiodun Saheed Omodara November 5, 2024 0

Manchester United has finalised an agreement with Sporting Lisbon to appoint 39-year-old Ruben Amori...


Nile Group collaborates with Ooni of Ife to manage his theaters
BY Ebiakuboere England November 5, 2024 0

His Imperial Majesty, the Ooni of Ife, and Nile Cinemas have inked a historic management contract fo...


Bruno Mars tops Spotify monthly listeners record
BY Ebiakuboere England November 5, 2024 0

Grammy-winning singer Bruno Mars has broken the previous record with 120,862,858 monthly Spotify lis...


South Africa to strip Chidimma Adetshina of ID documents
BY Ebiakuboere England November 5, 2024 0

Nigerian-South African Model Chidimma Adetshina faces the possibility of losing her national documen...


Senate confirms seven ministerial nominees
BY Benedicta Bassey November 5, 2024 0

The Senate has screened and confirmed seven ministerial nominees appointed by President Bola Ahmed T...


Menu