The agency said the funds will bolster the conduct of cutting-edge researches in tertiary institutions.
Executive Secretary of TETFund, Prof. Suleiman Bogoro, who disclosed this while declaring open a four-Day Meeting of TETFund Research and Development Standing Committee (RDSC) yesterday, said the breakthrough comes two years after the Board of Trustees granted the approval for private institutions to draw from the funds.
Bogoro said since the inauguration of the TETFund RDSC on September 24, 2020, the committee has gone far in implementing President Muhammadu Buhariâs directive to support government initiatives of responding to the threat of COVID-19 through ground-breaking research on Phyto-medical drugs, prophylactics and vaccines.
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The Tertiary Education Trust Fund has revealed that tertiary institutions including private and public universities have commenced accessing the N7.5 billion National Research Fund for the purpose of conducting cutting-edge research.
This followed the directive by President Muhammadu Buhari that TETFund should make funding available for ground-breaking research into COVID-19 pandemic and support for local production of military equipment for enhanced combat against insurgency and other criminalities.
Executive Secretary of TETFund, Prof Suleiman Bogoro, spoke, on Monday, while declaring open a four-day meeting of TETFund Research and Development Standing Committee.
He said the breakthrough came two years after the Board of Trustees granted the approval for private institutions to draw from the national research fund.