TETFund proposes N8.5 bn analysis fund for 2021 – AREWAAFFAIRS
Connect with us


TETFund proposes N8.5 bn analysis fund for 2021



TETFund proposes N8.5 bn research fund for 2021
Spread the love

Approves N5 bn particular intervention to UNILAG

By Joseph Erunke – Abuja

The Board of Trustees of the Tertiary Schooling Belief Fund, TETFund, has authorized a rise of the nationwide analysis fund to the tune of N8.5 billion in 2021 from N7.5 billion.

The board additionally introduced a complete of N5 billion in particular intervention to the College of Lagos, UNILAG, to be captured within the 2021 price range.

Chairman, TETFund Board of Trustees, Alhaji Kashim Imam, disclosed this at a 2-day capability constructing workshop for heads of beneficiary establishments and employees of TETFund centres of excellence, in Abuja.

Imam mentioned the intervention to UNILAG, which was on the orders of President Muhammadu Buhari, was additionally carried out in College of Abuja in 2020.

He burdened the significance of analysis as a prerequisite for nationwide improvement, including that no nation can develop with out analysis.

He nevertheless famous that analysis was a really delicate stability for TETFund as it’s invisible, including that as a politician, improvement is counted by way of bodily infrastructures corresponding to raids, bridges, amongst others.

He additional famous that the fund has to strike a stability of funding bodily infrastructures on one aspect, and funding analysis then again.
Talking on the tutorial improvement programme of the fund, he mentioned the listing of students sponsored by TETFund for PhDs and masters was unimaginable, warning that if the nation funds infrastructure with out analysis and scholarships, the establishments would solely be half fulfilled.

He introduced that TETFund will add one other 12 centres of excellence subsequent 12 months and allocate N1 billion to every.

ALSO READ:  Tragedy As Three Die, 4 Injured As Container Falls On Business Bus

“Six state universities and 6 Polytechnics will likely be aded to the centres of excellence subsequent 12 months, and 70 per cent of the funds will likely be for analysis funding,” he mentioned.

Additionally talking, the Govt Secretary of TETFund, Prof Suleiman Bogoro, mentioned the TETFund centres of excellence undertaking is, on the first occasion, a zonal tertiary schooling undertaking designed to advertise specialisation amongst collaborating universities
inside the Science, Expertise, Engineering and Arithmetic, STEM, Agriculture and Well being areas, amongst others.

Bogoro mentioned the undertaking is geared in the direction of addressing recognized nationwide improvement challenges, in addition to strengthening the capacities of beneficiary universities to ship prime quality coaching and utilized analysis.

“Inside the 5-year gestation interval of the TCOE Undertaking, we await success tales and manifest achievements that may stretch the boundaries of our expectations.

“The R&D and innovation flame has been ignited in Nigeria, because of our modest efforts, however the way forward for this initiative
and the potential for the R&D flame creating right into a raging inferno that transforms the analysis panorama in Nigeria rests squarely in your shoulders,” he charged the facilities.

Based on him, the workshop was geared toward equipping members with the data, information and abilities in administering the TETFund centres of excellence.

Bogoro reassured the centres of the unwavering assist of the fund to attain the laudable aims of the centres.

Whereas urging them to make sure that the rules for the administration of the centres have been strictly adhered to, he famous that the rules as they may engender the success that may sooner or later, assist to safe funds for them domestically and internationally as the rules have been crafted in keeping with globally acceptable requirements.

ALSO READ:  Kaduna employees to function from residence

He described universities as centres of analysis, stating that extra must be invested into them in addition to polytechnics and faculties of schooling.

Whereas noting that subsequent 12 months, polytechnics will profit in equal proportion with universities and subsequently faculties of schooling, he mentioned universities should show tutorial management in grant writing and keep away from complacency amongst.

He decried the poor high quality of grant writing amongst Nigerian lecturers, stating that the fund has encountered grants that aren’t unreadable grant proposals submitted to it.

Earlier, the Director of R&D and TETFund Centres of Excellence, Salihu Bakare, mentioned TETFund’s worldwide profile has risen considerably as different international locations like Ghana and Tanzania have come to understudy it and implement their very own variations again house.

Bakare mentioned Nigerian universities should stop to be native universities, appeal to overseas college students and compete favourably with any college on the earth.

He mentioned earlier than Bogoro’s appointment, no Nigerian college was ranked among the many first 1000 universities on the earth and fewer than 60 per cent of the college lecturers had PhDs.

He added that because of focused interventions by the fund, the colleges have been now higher ranked and extra lecturers have PhDs.

He mentioned one of many causes the fund initiated the centres of excellence was to make sure that Nigeria is reworked right into a knowledge-based economic system.

Based on him, it’s till all Nigerian universities are reworked into centres of excellence that Nigeria can actually be reworked right into a knowledge-based economic system.

ALSO READ:  Bayelsa council stakeholders rally help for enumeration train

He burdened the necessity for collaboration, noting that for the primary time within the historical past of TETFund provision is being made for collaboration within the 2021 price range.

Vanguard News Nigeria

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *


How a lot ought to we undergo for govt’s failure to establish its personal folks? (2)




National Identity Card
Spread the love

By Patrick Dele Cole

The primary a part of this piece defined the distinction between the NIN and the Nationwide Id Card. This concluding half opinions the obtainable choices to execute a stressfree id enrolment

I AM instructed that is already occurring in locations like Alausa. At a time when the police and different safety companies would slightly the federal government didn’t pressure folks to congregate, is that this the result they needed?

How can any authorities consider that it is a good thought? Certainly, there’s a higher focused means of working with telecoms firms and others to take away among the present methods through which the system is abused or manipulated by numerous pursuits? That, in spite of everything, is the said intention of those directives. To forestall terrorists from with the ability to talk anonymously. Effectively, isn’t authorities about to create its personal self-imposed mass casualty occasion?

Who wants the terrorists?! They need to take a protracted break. Their job is being executed for them. How many individuals will die of COVID-19 due to these directives? What number of poor folks will lose their skill to speak with prospects, or those that can help them, as a result of they aren’t in a position to get their NINs, regardless of lots of them being keen to?

What number of victims in distant areas will lose the power to name in assist? Certainly authorities considered this stuff earlier than it acted, and the truth that it selected to proceed anyway, merely demonstrates its disregard for the lives of its folks.

ALSO READ:  Courtroom remands Lady, 23, for allegedly beating up ex-husband

The failure of presidency

What makes this case worse is that the problem we face is of presidency’s personal making. It’s the sole accountability of presidency to subject nationwide id playing cards and to take care of a nationwide database of residents.

It’s not the accountability of banks, telecoms firms, or different personal sector companies. However due to authorities’s lack of ability to fund, or ship the logistics of such a programme, it has been outsourced. First, as BVN, this was paid for and rolled out by the banks; and now as SIM registration, which shall be paid for and rolled out by the telecoms firms.

But, I learn in the previous few days that authorities is telling the people who NIN registration is free. Effectively sure, it is going to be, to the folks; however it’s not ‘free’ and it’s not being paid for by authorities.

It’s being paid for, below duress, by the personal sector. What hazard does that put us in as a rustic? Do we’ve got the info safety laws in place to keep away from the potential abuse of those enrolment constructions? What message does it ship if a international investor says: ‘we can not implement a programme like this on our personal and we’re keen to pressure buyers to do it for us with no compensation and an unclear authorized framework’?

That is manifested by the truth that we’ve got such a plethora of id databases. Final time I counted, I included the passport database, BVN, NIN, the voter’s database, the motive force’s licence database and the SIM registration course of. Whereas I respect that every of those is made simpler if we’ve got the one central system, may we not have made the method less complicated, extra built-in and simpler? Is the best way we’ve got executed it optimum?

ALSO READ:  Oyo orders non-public well being amenities to cease managing COVID-19 sufferers

Why have we not regarded to different international locations, like Pakistan, who’ve skilled related challenges, and but managed to search out options with out this degree of disruption?

The confusion of the compliant

My very own private expertise of this demonstrates that it’s not simply the non-compliant, or the poor, who’re left in an id limbo. I’ve lived by means of fairly a couple of makes an attempt to construct a nationwide id. I enrolled early on in one of many first, which I feel was managed by CHAMS. I’ve a nationwide id card. However then a brand new construction emerged, and one other name for enrolment started.

What I don’t know is whether or not my first registration means I’m in that database!? Ought to I now, as an 80-year-old man, go and queue with hundreds of others, and expose myself to COVID-19, with a view to discover out?

How is it even attainable that somebody who complied as early as me doesn’t know his standing? I’ve a BVN, a SIM registration, a passport, a voter’s card, a driver’s licence and the primary ever model of an id card, however I believe that I too, shall be deemed to be non-compliant. We’re all on this collectively.

Let’s hope authorities realises it can not construct the answer by hurting and disenfranchising the folks it’s designed to assist.

We should all work with them with a view to resolve this downside as soon as and for all, as a result of if we do, it is going to be higher for all of us.

Vanguard News Nigeria

ALSO READ:  Bobrisky to bear gender transition surgical procedure

Continue Reading


E-payment transactions rise 80% to N2trn




Spread the love

By Elizabeth Adegbesan


Cashless economic system has recorded additional increase as the worth of digital cost transactions rose year-on-year (YoY) by N9.7 trillion or 80 p.c to N21.9 trillion in 2020 from N12.2 trillion in 2019.

Equally, the amount of epayment transactions rose YoY by 178.2 million or 98 p.c to 359.58 million in 2020 from 181.four million in 2019.

Vanguard evaluation of Nigeria Interbank Settlement System (NIBSS) digital cost knowledge exhibits that the best quantity of transaction of 264 million was recorded in NIBSS Immediate Fee (NIP) channel in 2020.

Additional evaluation exhibits that the channel with the best worth of transactions of N20 trillion within the yr beneath overview was NIP whereas that with the bottom worth of transaction amounting N272 million was Central Pay.

The information additionally exhibits that transactions executed utilizing NIP, Level of Sale (PoS), Cell switch and E-billspay channels had vital will increase in quantity and worth throughout the interval.

The amount of cheque transactions, nonetheless, rose by 29 p.c to 652,412 in 2020 from 504,728 in 2019 whereas its  worth fell by 10 p.c to N325 billion in 2020 from N391.6 billion in 2019.

All rights reserved. This materials and another digital content material on this platform is probably not reproduced, printed, broadcast, written or distributed in full or partially, with out written permission from VANGUARD NEWS.

ALSO READ:  Courtroom remands Lady, 23, for allegedly beating up ex-husband
Continue Reading


FG’s pushing financial system in direction of whole collapse — CISLAC




CSOs disagree, condemn FG’s proposed sale of public assets to fund 2021 budget
Spread the love

Demand use of recovered loots, declared income to implement finances

By Gabriel Ewepu – Abuja

As Nigerian and Nigerians grapple with financial recession and second wave of COVID-19 pandemic, Civil Society Organisations, CSOs, Monday, disagreed and condemned alleged transfer by the Federal Authorities to promote public property to implement 2021 finances.

Whereas talking with Vanguard they identified that the transfer is ill-conceived and will likely be an motion to completely collapse the ailing financial system, and added that the influence of borrowing that has critically affected the financial system with inflation reaching over 15 per cent, unemployment on the rise on each day foundation, companies folding up and leaving the nation, the Naira being devalued, and crime on the rise.

Additional talking demanded that the federal government ought to have other ways to fund the finances and never asset sale as a result of 2022 will quickly be one other finances 12 months, which they requested what will likely be offered to implement it?

Nonetheless, they referred to as on Nationwide Meeting to rise to the event to cease the Buhari-led administration from the sale of public property to fund the 2021 finances, notably on the present debt profile of the nation, biting financial recession, way forward for Nigerians, the potential of mismanagement, and looting of proceeds and added that it’s not in the perfect curiosity of Nigerians.

Sale of public property received’t resolve any downside — International Rights

The Nation Director, International Rights Nigeria, Abiodun Baiyewu, mentioned, “The Minister’s assertion is troubling, and it’s one in a latest pattern of determined strikes together with, borrowing from pensions, after which taking up dormant accounts and shares. We needs to be involved and ask salient questions: first, is the nation so broke that it has to resort to the promoting off property to enhance its present finances?

“Second, will the funding of this finances by way of these unethical and determined measures proposed by the federal government, generate ample revenues to fund subsequent years?

“The property referred to are obscure. The vagueness of this course of could also be a pointer to state seize which can profit ‘mates of the regime’ however not Nigerians. As well as, what occurs after 2021? Will they promote the nation and its residents?

“I believe its implications are seen on the floor of it: that it’s not a sensible transfer and can solely additional impoverish the nation. Whenever you promote your property to fulfill wants, it’s typically indicative of deeper challenges and is a pointer that you’re unable to think about extra ingenious methods of deriving revenues.

“How briskly will these property promote, and in its desperation will the federal government get a very good cut price? If in 2021, these property offered don’t produce a tangible and sustainable revenue stream for 2022 and past, you possibly can ensure that the supply of public providers will fail, our weak establishments will likely be additional incapacitated, insecurity will likely be heightened, the price of items and providers will escalate, and sure – starvation will drive individuals to the streets.

“It’s higher the protests begin now earlier than the asset gross sales occur, after which the protests will likely be extra uncontrolled with better frustrations driving them. My recommendation is for the federal government to be extra ingenious in its income quest. They should reduce down frivolous authorities bills.

“Cut back the variety of political dependents; curb the ostentatious life of politicians – together with the nationwide meeting.  Stimulate the financial system by spending in direction of boosting entrepreneurship amongst residents. Specifically, increase agriculture to make sure fast and sustainable wins, promote exports, and feed a ravenous inhabitants.

ALSO READ:  Bobrisky to bear gender transition surgical procedure

FG’s pushing financial system in direction of whole collapse — CISLAC

The Govt Director, Civil Society Legislative Advocacy Centre, CISLAC, Awual Rafsanjani, mentioned, “This isn’t a very good transfer by the Federal Authorities as a result of we now have been advising the federal government to plug leakages and waste, and numerous diversion of public funds has been occurring however the authorities appears to not take drastic measures to at the very least decrease diversion of public funds and property.

“Subsequently we have to make sure that the nation doesn’t totally collapse. The federal government must do the whole lot doable to dam leakages and there are numerous different measures the federal government ought to have taken.

“If these property are offered now what assure do you need to fund subsequent 12 months’s finances? It’s a very fallacious concept by the officers of the Buhari-led administration to embark on promoting the remaining property of Nigerians. That is completely condemnable.

“In the event that they declare that they’ve recovered loots from looters why can’t they use the recovered loots to finance the finances? Why can they use the elevated income they’ve generated to finance the finances?

“I believe there’s a want for the federal government to be honest and sincere. This lack of honesty and sincerity in communication from this authorities to Nigerians is additional making a disconnect and distrust of no matter authorities is developing with.

“Nigerians are suspicious and skeptical about each transfer by this authorities as a result of it has not demonstrated sincerity and honesty as a result of it has not proven any dedication towards the socio-economic and political disaster Nigerians discover themselves.

“This isn’t actually good for the nation for even a few of the officers who’re dedicated and patriotic and which can be why they should communicate out and inform them the reality. In the event you preserve quiet and permit the nation to sink God won’t additionally spare you as a result of God gave you the chance however you did not do the needful.

“We in civil society are usually not anti-government however need the federal government to work’ we wish the federal government to be clear and accountable, Nigerians individuals to be pleased with their authorities and what’s obtainable within the nation.

“We can not enable solely to do marketing campaign and propaganda, get into workplace, and use that to proceed to amass wealth on the expense of the Nigerian individuals. That’s not acceptable. Nationwide Meeting should rise as much as their duty and above partisan politics and guarantee they don’t assist this transfer.

“With using safety and extreme use of drive on Nigerians for less than professional protest and disagreement on what authorities is doing I’m not certain if Nigerians are prepared to permit themselves to be killed by people who find themselves on the market to remove them for expressing their opposite opinion on what authorities desires.

“In order it’s now many Nigerians will proceed to specific their dissatisfaction, anger however they’d unlikely come out and be killed as a result of there isn’t a accountability in Nigeria, and if individuals kill others no person cautions them.

ALSO READ:  Feminine POS Operator Dispossessess Two Armed Robbers In Edo

“We’ve reached a state that Nigerians have misplaced confidence that they are going to be protected if they arrive out to specific their opinion which is constitutionally and legally allowed.

“So, if the federal government has been very strict when it comes to minimizing waste, duplication, outright looting of public funds and property we won’t be crying the best way we’re crying as a nation.

“Secondly, it exhibits that authorities doesn’t have a plan ‘B’ to mitigate the disaster we now have been having if there was the excuse of the primary tenure of Buhari’s administration when it comes to the financial state of affairs, I believe the federal government can not give any excuses on this second tenure as a result of there ought to have been a concrete plan ‘B’ to mitigate the financial recession or state of affairs.

“This authorities was telling Nigerians that it has a blueprint when it comes to financial restoration. The place is the plan? Or why has it not been applied? As a result of if it was applied we might have the ability to mitigate and cope with the disaster we face economically as a nation, which signifies that there has not been consistency within the coverage framework of presidency when it comes to financial diversification, rehabilitation, efficient technique that may allow the nation to beat the disaster we face.

“The third situation is that going by the tradition of promoting public property how certain are we that inside this house of few months we can promote public property in the perfect curiosity of Nigerians?

‘The earlier property offered together with the property of NEPA and we had been advised some people purchased these property and up until at present, they don’t seem to be helpful to Nigerians. There may be nonetheless no electrical energy provide to Nigerians. The privatization course of will not be clear and lacks accountability.

“What assurance is the federal government giving to Nigerians within the privatisation or promoting off of public property when it comes to transparency and accountability? The federal government needs to be cautious to not set a really dangerous report as a authorities that got here with all types of guarantees and hope for the Nigerian financial system, just for it solely to finish up in these quite a few and scandalous borrowing.

“We’ve borrowed sufficient and these borrowings haven’t been in a position to assist rejuvenate the financial system; unemployment remains to be on the dwelling situation may be very poor, insecurity regardless of all these guarantees and dedication made.

“Fourthly, with the approaching of COVID-19 pandemic which has affected international financial system as a result of Nigeria will not be having any plan to mitigate the financial disaster in consequence if COVID-19 the nation is sinking once more, we at the moment are in one other recession.”

Not stunning, Nigerians ought to anticipate extra —  CN

The Convener, Involved Nigerians, CN, Prince Deji Adeyanju mentioned, “From the phrase go, this authorities has proven that it lacks concepts, waste the federal government has been participating, making all types of guarantees as a result of a broke and bankrupt nation can not run socialism –to markets to share cash totally free to individuals, a authorities that can’t account for donations by nations for the COVID-19 pandemic, these monies had been embezzled within the identify of sharing palliatives, a authorities that has looted the Abacha loot, borrowed and looted the loans, squandered our international reserve, subsidy intervention funds, and all types of funds, even stolen from the ‘useless’ and in addition threatened to go borrow from the ‘useless’.

ALSO READ:  Current your allocation paperwork or danger revocation, Ogoja LG boss warns builders

“Nigerians ought to anticipate extra as a result of the Buhari authorities goes to break down the financial system totally, and that is my prediction for 2021 and 2022 as we’re going to see extra of recession below this authorities. So this could not come as a shock or shock to anybody that the federal government desires to promote public property to fund the finances.

“After promoting property to fund the 2021 finances the place will they get cash to fund subsequent 12 months’s finances? It’s only a disgrace!”

Worst initiative to implement the finances, Presidency effectively executed — OLF

The asocial crusader and founder, One Love Basis, OLF, Chief Patrick Eholor, mentioned, “When the pinnacle cease pondering, it is going to begin stinking. We should always take be aware that quickly there will likely be nothing to promote once more however the individuals of the Federal Republic of Nigeria as an alternative of offering Nigerians with entry to good issues of life you individuals in a authorities they elected are clamouring to get the infrastructure in place by way of budgetary allocation and on the similar time in search of to promote the present ones that isn’t sufficient and to who? Could I ask, with due respect, foreigners? I suppose.

“I believe a letter of apology ought to go to Alhaji Atiku Abubakar (GCON) for all of the insults on the assertion he made throughout his marketing campaign earlier than the 2019 presidential election of promoting the NNPC as a place to begin of his administration.

“As a very good visionary chief, sale of nationwide property to fund nationwide finances, who’re the financial crew sending the sort of lethal sign? I hope Ajaokuta Metal Rolling Mill will not be included?

“That is the worst initiatives I’ve ever come throughout in my years of existence. Actually widespread sense will not be widespread. Confusion has no father and mom. Look for the best way ahead in your will paper budgetary allocation.”

Govt simply wish to enslave Nigerians — JUGSODI

The Chief Govt Officer, CEO, and Founder, Simply International Social Growth Initiative, JUGSODI, Yarima Adu Charles, mentioned, “This transfer is to enslave Nigerians and the way forward for our youngsters that it shouldn’t be heard of.

“The place are the recovered looted funds EFCC and the Nigerian authorities claimed to have recovered? That is the time Nigerians want the cash to make use of it now.

“Place each political elected and appointed the officer on allowances solely on their sitting days to make their jobs part-time and pay them for such so that vast cash spending on politicians can be utilized to finance different essential initiatives and packages in 2021 finances

“Examine COVID -19 cash declare to have spent each for the nationwide and states to generate the true account of their stewardship and use any unused cash remaining or diverted  into private pockets it’s Nigeria cash and so it needs to be used for the advantages of all.”

Vanguard News Nigeria

Continue Reading