TETFund disburses N3.8bn to Nigerian scholars abroad
The Tertiary Education Trust Fund (TETFund), says it has disbursed N3.8 billion to Bailout 1500 Nigerian scholars studying abroad under its academic training programme.
The Executive Secretary of TETFund, Sonny Echono stated this during an oversight visit to the Fund by the House of Representatives Committee on Tertiary Education Trust Fund in Abuja, Nigeria.
The bailout fund has taken care of 1,500 scholars with a total of N3.8 billion extended.
Echono clarified that due to the recent rise in foreign exchange rates, many scholars from various countries across the globe raised concerns.
“We have taken care of 1,500 scholars with a total of N3.8 billion expended. We identify a cut-off point for those who will be eligible for the scholarship,” said Echono.
On attracting foreign grants for cutting-edge research, Echono said that before now, Nigeria was not doing well, adding that through the efforts of TETFund, the story has now changed as it moved from the 9th position to the 7th in Africa in terms of countries that attract the highest research grants on the continent.
VON
