Categories: Education

Federal University of Education Pankshin Secures ₦10 Billion Take-off Grant from FG

The Federal University of Education, Pankshin (FUEP) in Plateau State has secured a ₦10 billion take-off grant from the Federal Government.

Yusuf Adamu Gagdi, the representative of Pankshin/Kanke/Kanam Federal Constituency, who sponsored the bill for the institution’s upgrade, announced the government’s approval of the funds at the official unveiling of the university.

Gagdi expressed excitement over the approval, which he noted was first signed by former President Buhari.

He recalled how critics attacked him on social media when a “big problem” within the Ministry of Education delayed the implementation of the approval.

Gagdi noted that he has been exonerated and urged President Tinubu to ensure the approved funds are released by the Tertiary Education Trust Fund (TETFund) for the project.

According to him, this issue has become a significant challenge for new universities.

Gagdi said, “Buhari approved the bill, overriding the Ministry of Education to commence immediately, but it became a big problem, giving room for some people on social media to castigate Gagdi, claiming he lied. Today, I am exonerated.

“I went and appealed to President Tinubu that every new university always has a problem getting releases from TETFund, and Mr. President approved over ₦10 billion take-off grant for the Federal University of Education Pankshin.”

Investors King gathered that the Federal University of Education was recently upgraded from the Federal College of Education Pankshin.

With the ₦10 billion support, the government aims to assist the institution in achieving a smooth transition.

In addition to the ₦10 billion take-off grant, the institution received government approval to hire 161 staff members before its official launch.

Bassey Marshall

Share
Published by
Bassey Marshall

Recent Posts

Centralise Regulation for our Industry, E-hailing Drivers Urges FG

In a bid to bolster the interest of drivers in the country, E-hailing drivers, under…

4 days ago

Felicia Obozuwa Takes on Key Role as FCMB Executive Director, Corporate Services

First City Monument Bank (FCMB) has announced the appointment of Felicia Obozuwa as its Executive…

4 days ago

Equities Market Sheds N931 Billion as 40 Stocks Decline in Another Bearish Session

The Nigerian equities market extended its losing streak for the fourth consecutive session Wednesday with…

4 days ago

70 Million Poorest of The Poor Nigerians To Get N75,000 From FG

Notwithstanding that the Federal Government's efforts to distribute cash to poor Nigerians have failed in…

4 days ago

Dollar to Naira Exchange Rate Today, January 16th, 2025: Black Market vs CBN Rates

The Dollar to Naira exchange rate remains a critical indicator of Nigeria’s economic landscape, reflecting…

4 days ago

Over N60.5bn Alleged Fraud: More Trouble For Impeached Lagos Speaker Over Imminent Arrest By EFCC

Stakeholders and political gladiators in Lagos State have called on the Economic and Financial Crimes…

4 days ago