The Federal Government has released ₦38.93 billion to 166 public tertiary institutions to help upgrade facilities and tackle infrastructure challenges.
The beneficiaries comprise 79 universities, 46 polytechnics and 41 colleges of education. Universities are set to receive the largest share of the funding.
According to a statement from the Federal Ministry of Finance, issued on Sunday by its Head of Media, Efe Ovuakporie, the money will support projects already approved for the institutions.
The allocation is divided as follows: ₦28.5 billion for universities, ₦5.8 billion for polytechnics and ₦4.7 billion for colleges of education. Based on the figures provided, universities account for the largest portion of the announced funding.
The ministry said the intervention is intended to help fulfil measures agreed between the Federal Government and the Academic Staff Union of Universities, while also responding to longstanding infrastructure needs across public tertiary institutions.
Beneficiary schools are expected to use the funds to begin or continue approved projects focused on essential facilities and other identified priorities. The broader aim, the ministry said, is to improve the quality of tertiary education in Nigeria.
The funding is expected to make a meaningful difference if it is delivered promptly and managed transparently, with projects that provide lasting benefits for students and staff.