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Research Article

Implementation of Tertiary Education Trustfund in Public Universities in the Southwest, Nigeria (2012-2015)

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  • Kayode Michael Oyelekan Department of Educational Management, Faculty of Education, University of Ibadan, Nigeria

    oyelekanmike@gmail.com

Abstract

Education finance has been a serious challenge to universities due to insufficient budgetary allocation to the sector resulting in inability of its managers to meet the ever-increasing demand of universities. The average allocation to education between 1960 and 2015 was 5.88%. In 1993, Education Trust Fund (ETF) was established as an intervention strategy covering all levels of education. The ETF was transformed into Tertiary Education Trust Fund (TETFund) by an Act of Parliament in June 2011 to provide financial assistance to tertiary education only. Previous studies on TETFund considered mostly the effect of TETFund on university management, challenges of accessing academic Staff Training and Development which is just an aspect of TETFund annual project while attention has not been focused on how fund allocation, access, disbursement and timeliness have been effected in the implementation of TETFund projects. The study, therefore, examined the implementation of TETFund project intervention in public universities in the South-West, Nigeria. A descriptive survey research design of the ex-post type was adopted. All 13 public universities, both federal and state, were enumerated. All TETFund projects for 2012-2015 were purposively selected to determine which of the projects have not been accessed. TETFund Primary Data Template (TPDAT) and TETFund Secondary Data Inventory (TSDAI) were used to collect data. Data were analysed using absolute figures, descriptive statistics, t-test at 0.05 level of significance, and time series. Absolutely, a total of N32, 084,000,000.00 was allocated within a period of four years to all the universities in the South-West, while only N19, 021,695,057.00 representing 59.29% of the allocated fund, was accessed. The sum of N16, 258,463,007 (85.47%) of the amount accessed was disbursed. The emphasis of TETFund was on physical infrastructures, while other projects were not given adequate attention. The difference between allocated funds and funds accessed was very wide N1, 408,664,086.00. TETFund complied with the guideline on horizontal allocation but failed on vertical allocation. The study concluded that accessibility and disbursement were potent factors in the implementation of TETFund in public universities in the South-West, Nigeria.

Keywords:

Fund Allocation Implementation of TETFund TETFund Guideline

Article information

Journal

Journal of Management, and Development Research

Volume (Issue)

2(1), (2025)

Pages

49-62

Published

06-06-2025

How to Cite

Oyelekan, K. M. (2025). Implementation of Tertiary Education Trustfund in Public Universities in the Southwest, Nigeria (2012-2015). Journal of Management, and Development Research, 2(1), 49-62. https://doi.org/10.69739/jmdr.v2i1.586

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