News
TETfund Trains Over 37,000 Scholars For Local, Foreign PhDs, Other programmes

…Laments failure of beneficiaries to serve their bonds at home institutions after completing programmes
The Tertiary Education Trust Fund, TETfund, said it has successfully sponsored over 37,000 scholars for both foreign and local PhDs, Masters, Bench Work, and Postdoctoral programmes in various institutions.
But it disclosed that it was considering suspending the segment of the foreign component of the scholarship due to the recent CBN monetary policy, which it noted,resulted in a sharp drop in the value of the Naira thus creating difficulties in the payment of foreign scholarship tuition fees and stipends.
The development came even as TETFund recently signed several Memoranda of Understanding,MoU’s with some prestigious institutions overseas, including universities in Malaysia, India, Brazil, France and the United States with a view to boosting and enhancing the TETFund Scholarship for Academic Staff, TSAS programme.
Executive Secretary of TETFund, Arc. Sonny Echono,who said these on Wednesday,at a One-Day Stakeholders’ Engagement on Emerging Issues that Affect TETFund Intervention Programmes,in Abuja, lamented the deliberate failure of beneficiaries to return to serve their bonds at their home institutions upon completion of their programmes.
He said: ”The Fund, for instance, has successfully sponsored over 37,000 scholars for both foreign and local PhDs, Masters, Bench Work, and Postdoc programs in various institutions.
“Recently, we encountered difficulties that compelled a review of foreign scholarships. The recent CBN monetary policy, which resulted in a sharp drop in the value of the Naira has created difficulties in the payment of foreign scholarship tuition fees and stipends.
“As a solution, we are considering suspending the segment of the foreign component of the TETFund scholarship outside the 11 MOUs executed by the Fund, while considering an upward review of the local TETFund Scholarship for Academic Staff,TSAS intervention.
READ ALSO: Forex Crisis: TETFund Mulls Suspension Of Overseas Scholarships
“Additionally, there are issues related to scholars not returning to serve their bonds at their home institutions upon completion of their programmes.
“Infact the challenge of scholars absconding has undermine and complicated the TETFund Scholarship for Academic Staff (TSAS) program and bringing it under intense scrutiny.
” It is for these and other reasons that this engagement was organized. We need to address these challenges and find solutions to ensure the effective and smooth implementation of our scholarship programmes.”
Echono said the “Fund at this material time is also discouraging beneficiary institutions from initiating new Benchwork programmes.”
Explaining that the engagement was to foster open dialogue and collaboration among the Fund’s key stakeholders, Echono said: ”We understand the significance of your collective insights, ideas, and feedback in enhancing the effectiveness of our intervention programs. It is through the shared efforts that we can drive positive changes and accelerate the development of our nation’s education sector.”
He spoke further: “As an agency of the government tasked with rebuilding and supporting the nation’s tertiary institutions, we are fully aware of the enormous responsibility and task before us, especially considering the importance of tertiary education in nation-building.
“The Fund has been entrusted with the responsibility of rehabilitating the physical infrastructure and other content aspects of the nation’s entire public tertiary institutions. To fulfill this mission, various intervention lines of the Fund were established.
“Over the years, the Fund has not only supported public tertiary institutions in the rehabilitation and provision of physical infrastructure but has also contributed to the training of academic staff in postgraduate studies both locally and internationally.
READ ALSO: High Exchange Rate: TETFUND Suspends Foreign Scholarship For 2 Years
” It has also supported the development and conversion of manuscripts into books and invested in the libraries of these institutions with materials and other resources. Additionally, the Fund has provided support for conference attendance, research, and publications, significantly improving the standard and quality of teaching, and learning in our nation’s tertiary institutions. Despite the progress achieved, much still needs to be done, and the Fund remains committed to continuously improving its services and operations through stakeholder engagement and other means.”
The TETFund boss noted that since his assumption of office, he has taken significant steps aimed at repositioning and advancing TETFund’s objectives.
“This One-Day Interactive Engagement with Heads of Beneficiary Institutions was initiated last year to gather valuable feedback on TETFund intervention projects. These invaluable inputs received have been instrumental in refining our strategies and ensuring that our projects are tailored to meet the specific needs of beneficiary institutions. Some of the reforms implemented include a review of the Audit Process to curb attendant delays. We also took proactive steps to address issues related to distressed and abandoned projects across institutions.
“By strengthening and streamlining our proposals review process and implementing a robust Monitoring & Evaluation policy, we have been able to achieve smoother and faster execution of physical infrastructure interventions. Issues related to variation of projects have constantly featured in my engagements with institutions.
“The rate of inflation in the country has made it necessary that we reconsider the fixed cost regime for physical infrastructure intervention depending on the project lifecycle.
“Projects with more than one year lifecycle are likely to be affected by inflation and rise in cost of materials, as such variation in such cases may be justifiable. The Fund is further considering either converting the Fabrication interventions line to Skills acquisition or introducing Skill Acquisition as an Annual Direct Disbursement Intervention line. There is also the need to undertake a comprehensive audit of all equipment, particularly the skill G equipment, procured and delivered to institutions to establish their status and identify those that require upgrade,”he further said.
According to him, in recognition of the importance of empowering the staff of Career Units in Nigerian universities,the Fund had designed a Capacity Building programme specifically for “these staff members.”
READ ALSO: TETFund Revenue Collection Drops By N68bn In 2022
“This programme will equip them with the necessary skills and knowledge to support students in developing capabilities to find and sustain meaningful employment. The train-the-trainer (TTT) model will be adopted, where three (3) participants from each beneficiary university will receive training from the IFC experts on the details of setting up or restructuring career services units to meet global standards. These trained participants will then pass on their knowledge to other staff members of career support units at their respective universities.
“We believe that these initiatives along with the NSQF designed for the Polytechnic sector, will contribute significantly to the improvement of employability practices in Nigeria and pave the way for a brighter future for our graduates. We extend our deep appreciation to the International Finance Corporation (IFC) for their unwavering support as we strive to create a stronger and more prosperous future for our graduates and the nation,” he said.
Going further,he said: “In our efforts to leverage on communication and information technology to expand access, improve quality and promote inclusiveness in the delivery of tertiary education in our country.
“The Fund has intensified the implementation of our digital literacy road map starting from home, we have commenced the full implementation of the LDI online submissions platform. Henceforth the submission of proposals for the physical infrastructure projects by institutions will be carried out online.
“The provision of fixed mobile internet services to staff and students of various institutions programme will also be fully implemented.
“The Fund is also implementing the converged services programme which includes capacity development and train the trainer [TTT] on communication skills and online certification courses for students across institutions.
“The capacity-building programme and training-the-trainer and technical works for blackboard enhanced e-learning platform is currently being implemented, while the phase two of the thesis digitization project will proceed as planned.”
News
Reps Move To Regulate Cryptocurrency, POS Operations

Concerned about the growing cases of cybercrime, money laundering, and terrorism financing linked to digital finance platforms, the House of Representatives has set up an ad hoc committee to review the economic, regulatory, and security implications of cryptocurrency adoption and Point-of-Sale (POS) operations in Nigeria.
Speaker of the House, Abbas Tajudeen, who inaugurated the committee on Monday in Abuja, said the move became necessary amid increasing concerns over fraud and consumer exploitation in the country’s rapidly expanding digital finance ecosystem.
He noted that while Nigeria’s resilient economy has the potential to support cryptocurrency growth, the risks associated with its unregulated operations, including its use for illicit financial flows, cannot be overlooked.
Abbas explained that the absence of clear regulatory guidelines, coupled with the volatility and complexity of digital assets, compelled the House to intervene and establish a regulatory and consumer protection framework for Virtual Asset Service Providers (VASPs), including cryptocurrencies and crypto-assets.
READ ALSO:NNPP Expels Reps Member, Drags Him To Court
He said Nigeria’s economy has consistently demonstrated resilience, often recovering from recessions and recording growth in non-oil sectors, making it a potentially strong environment for cryptocurrency trade. However, he cautioned that the vulnerabilities inherent in digital currency operations must not be underestimated.
“It is because of this absence of clear rules, coupled with the volatility and complexity of the technology, that the House of Representatives found it imperative to establish regulations and consumer protection measures that will regulate the activities of Virtual Assets Service Providers, including cryptocurrencies and crypto assets,” Abbas said.
He added that the committee’s mandate includes conducting public hearings to gather input from stakeholders that would guide the House in developing legislation for a comprehensive regulatory framework governing cryptocurrency and other digital finance platforms.
READ ALSO:Court Case Stalls Reps Hearing On Takeover Of Benue, Zamfara Houses Of Assembly
The Speaker urged members of the committee to discharge their duties with patriotism and integrity, ensuring that the best interests of the nation guide their work.
In his remarks, the Chairman of the Committee, Olufemi Bamisile (APC–Ekiti), described the assignment as one of national importance aimed at striking a balance between financial innovation and national security.
“We have been entrusted with a task of national significance — to review the economic, regulatory, and security implications of cryptocurrency adoption and Point-of-Sale operations in Nigeria,” Bamisile said.
He added that the committee would work closely with key regulatory and security agencies such as the Central Bank of Nigeria (CBN), Securities and Exchange Commission (SEC), Nigeria Deposit Insurance Corporation (NDIC), Nigerian Financial Intelligence Unit (NFIU), Economic and Financial Crimes Commission (EFCC), Independent Corrupt Practices and Other Related Offences Commission (ICPC), and the Nigeria Police Force.
News
World Habitat Day: Okpebholo Commends Building Control Agency For Developmental Milestones

Governor Monday Okpebholo of Edo State has commended the management and staff of the Edo State Development and Building Control Agency (ESDBCA) for their significant contributions to urban growth and infrastructural development across the state.
The governor gave the commendation on Monday when he played host to the delegation of the agency in his office as part of programme to mark this year’s World Habitat Day celebration.
The deputy governor, Hon. Dennis Idahosa who received the team on his behalf, commended the agency led by the Managing Director, Mr. Imoisili Igabali, for its “selfless contributions” to the development of our dear state.
In a statement by his Chief Press Secretary, Mr Friday Aghedo, Idahosa noted that the agency had played a pivotal role in driving urban renewal and enforcing modern building standards in the State, describing their efforts as vital to the government’s vision of sustainable city planning.
READ ALSO:JUST IN: Okpehbolo Appoints New VC For AAU
“We want to thank you for being part of the growth and development of our dear state. Your work has not gone unnoticed.
“What is most important to us is that we have the political will to ensure that this agency continues to fulfill its mandate effectively,” he stated.
He expressed optimism on the future of urban development in Edo State and pledged continued government support for the agency’s initiatives.
“On behalf of His Excellency, Senator Monday Okpebholo, I want to thank you for this wonderful day.
“We congratulate you as a state, and we thank God for giving us a capable leader in Mr. Igabali, whose dedication and teamwork continue to yield results,” he said.
READ ALSO:Okpebholo Warns Companies Against Fuelling Edo–Delta Boundary Dispute
Earlier in his remarks, the Managing Director of the agency expressed appreciation to the Governor and his deputy for their support and for taking the time to receive the agency’s delegation during the World Habitat Day observance.
The 2025 World Habitat Day celebration in Edo State was marked with renewed calls for sustainable housing, improved infrastructure, and enhanced urban management — key pillars of the Okpebholo administration’s development agenda.
News
UNFPA Launches Technical Working Group On Disability Inclusion In Northern Nigeria

The United Nations Population Fund (UNFPA) has supported Bauchi State to inaugurate the first Disability Inclusion Technical Working Group (DITWG) aimed at promoting equity, inclusion, and human rights for persons with disabilities.
Speaking during the inauguration of the group in Bauchi on Monday, Ms Muriel Mafico, UNFPA Representative in Nigeria said that out of the 19 Northern states in Nigeria, Bauchi was the first to inaugurate the group.
According to her, the inauguration marked a significant milestone in the collective commitment in advancing inclusion, equity, and human rights for all persons with disabilities.
Represented by Olawunmi Akande, an official of UNFP, Mafico said that disability inclusion is central to achieving the Sustainable Development Goals (SDGs) and the vision of the 2030 Agenda.
READ ALSO:OPINION: A Journey Through Ogoni, The Titusville Of Nigeria
“Disability inclusion is not an act of charity, but a matter of human rights, development, and justice.
“UNFPA is committed to ensuring that persons with disabilities, especially women, girls, and young people have equal access to sexual and reproductive health services, education, and opportunities to participate meaningfully in decision-making processes.
“UNFPA stands ready to support this Working Group through evidence generation, capacity building, inclusive programming, and technical assistance,” she said.
Also speaking, Mr Abubakar Sambo, an official of the Bauchi State Agency for Disabled Persons, said that the objectives of the group was to promote, coordinate and collaborate through a multi-sectoral approach to disability inclusion by bringing together relevant stakeholders and Organizations of People with Disabilities.
READ ALSO:18-year-old Hangs Self, Police Launch Investigation
He also explained that the group would provide technical support and expertise in areas such as inclusive education, accessible infrastructure, health services, and disability-inclusive employment practices.
Sambo also emphasized on monitoring and reviewing policies and programmes in Bauchi State to ensure alignment with international standards and best practices.
He added that the technical group would also advocate for disability rights through public awareness campaigns, policy dialogues, and engagement with key decision-makers, Amongst others.
Earlier, Mrs Brisca Jerome, Executive Secretary, Bauchi State Agency for People with Disabilities, said the support from UNFPA would complement the state government’s efforts toward inclusive governance.
She appreciated the support of the UN agency and the state governor for creating an enabling environment for partners to strengthen activities and programmes targeting persons with disabilities.
She said that the DITWG consists of a 36 man group from all stakeholders in the sector.
The DITWG is to be chaired by the Executive Secretary, Bauchi state Agency for People With Disabilities.
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