The Tertiary Education Trust Fund (TETFund) has expressed concerns over the electricity crisis facing Nigerian tertiary institutions, particularly universities, due to significant tariff increases.
In response, TETFund’s Executive Secretary, Mr. Sonny Echono, promised to intervene and address the challenge. This pledge was made in Lagos during an award ceremony organized by the New Telegraph Newspapers, where TETFund received the “Most Improved Government Agency of the Year 2024” award.
Echono emphasized that TETFund’s intervention aims to alleviate the financial burden of high energy costs on Nigerian universities, which threatens their effective teaching and learning.
This effort will complement the federal government’s plans to install solar energy panels in some tertiary institutions. The financial strain is particularly evident in public universities like the University of Lagos, the University of Ibadan, and Ahmadu Bello University, which are categorized as “Band A” users and face monthly power bills exceeding N300 million.
TETFund’s intervention is crucial in addressing the electricity crisis and promoting sustainable development in Nigeria’s tertiary education sector. By working together with the federal government and other stakeholders, TETFund can help mitigate the financial burden on universities and ensure a more stable and effective learning environment.
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