The Vice Chancellor of Olabisi Onabanjo University (OOU), Ago-Iwoye, Ogun State, Professor Ayodele Agboola, has appealed to the federal government not to abolish the Tertiary Education Trust Fund (TETfund)
Speaking in a chat with some newsmen in Ago Iwoye, Agboola who is still in an excited mood following the recent successful 34th Convocation ceremony of OOU, said that instead of scrapping TETFUND for Nigerian Education Loan Fund (NELFUND) ‘’both can be operating pari-pasu 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 staff 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 the 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“.
On whether TETFund funding should be extended to private universities, the university Don said, “TETFUND is for government-owned universities since private universities are profit-making institutions, there is no way you will use the taxpayers’ money for a profit-making venture like a private university”.
