NANS Urges FG to Monitor the N683b Intervention Fund for Federal Tertiary Institutions
The National Association of Nigerian Students (NANS) has asked the Federal Government to closely monitor the utilization of its 2024 N683 billion intervention fund for Federal Tertiary Educational Institutions.
Each University will get N1.9 billion, Polytechnics will receive N1.16 billion each and the Colleges of Education will get N1.39 billion each.
The Association’s President, Akinteye Azeez in a statement on Sunday, commended the Tinubu administration for the fund.
He, however, called for the setup of a close monitoring mechanism to ensure the fund was utilized for the improvement of educational facilities, faculties’ development, and the overall interest of the students.
The association called for bigger interventions to address the challenges facing tertiary institutions.
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However, the approval of the intervention fund, while appreciated, should mark the beginning, not the end, of the government’s commitment to education.
More substantial and sustained investments are crucial to ensure the long-term viability and excellence of our public tertiary institutions.
The statement further reads: Additionally, we urge the government to institute close monitoring mechanisms for the utilization of these funds.
A thorough and transparent investigation into the financial management of federal schools is imperative.
There should be strict scrutiny to ensure that the funds are utilized judiciously for the betterment of educational facilities, faculty development, and the overall student experience.
Moreover, as beneficiaries of these interventions, we call for stringent measures against any institution found increasing tuition fees without justified cause.
The government should actively engage with student representatives to create a system of checks and balances that prevents misuse of funds and promotes fiscal responsibility.
In conclusion, while appreciating the government’s swift response to our plea, we emphasize the need for sustained investment, transparent financial management, and vigilant monitoring to safeguard the future of education in Nigeria.
Together, with a shared commitment, we can ensure that these funds translate into tangible improvements, making education accessible and of high quality for all Nigerian students.
