TETFUND’s Massive Budget for Construction in Tertiary Institutions
The impact of the approval of the Federal Government of N643.4 billion as the 2024 disbursement for beneficiary tertiary institutions across the country under the Tertiary Education Trust Fund, (TETFUND) is showing up in the large number of tenders for various works by the affected institutions. From this total amount, 90.75% was budgeted for direct disbursement and 8.94% for some designated special projects.
According to the Executive Secretary of Tertiary Education Trust Fund (TETFund), Arc. Sonny Echono, speaking in January this year: “Based on this approval, each University will get, for the Year 2024 intervention cycle, the total amount of N1,906,944,930.00.
This comprises N1,656,944,930.00 as Annual Direct Disbursement and N250million as Zonal Intervention. Similarly, each Polytechnic will get N1,165,355,235.00 comprising of N1,015,355,235.00 as Annual Direct Disbursement and N150million as Zonal Intervention, while each College of Education will get N1,398,426,282.00 comprising of N1,248,426,282.00 as Annual Direct Disbursement and N150million as Zonal Intervention,” he added.
Over the year, Castles Lifestyle has been tracking the various tenders and invitation for bids by different tertiary institutions, especially those which include construction and renovation. Below are the current tenders;
- Kaduna State College of Education, Gidan Waya invites prequalification bids in 2 lots for the construction of the academic office building and the procurement, installation, testing and commissioning of furniture and equipment for the academic offices. Bids are to be submitted at the college not than October 28, 2024.
- Institute of Management and Technology (IMT), Enugu invites prequalification bids for the construction of its computer science building. Bids are to be submitted at the institute not later than October 28, 2024
- National Institute Of Construction Technology And Management (NICTM) invites bids for the proposed construction of 1068m perimeter fence at NICTM permanent site. Details are contained in the standard bidding documents. Bids are to be submitted at their office not later than November 11, 2024
- Cross River State College of Education, Akamkpa invites prequalification bids for the proposed renovation of existing fence/gate house and the construction of a new perimeter fence. Bids are to be submitted at the college not later than October 28, 2024.
- Usmanu Danfodiyo University Sokoto, Sokoto State invites bids in 7 lots for the provision of building demolishing & renovation, medical equipment, nephrology and kidney transplant equipment, external works, hardware facilities, office furniture, software subscription, solar kilishi dryer equipment, and ICT equipment. Details are contained in the standard bidding documents. Bids are to be submitted at the university not later than November 11, 2024.
- Akanu Ibiam Federal Polytechnic, Unwana, Ebonyi State invites bids in 10 lots for the provision of assorted books, library furniture & equipment, building construction, office equipment, laboratory equipment/furniture, solar generating power, and workshop equipment. Details are contained in the standard bidding documents. Bids are to be submitted at the polytechnic not later than November 11, 2024
- Federal Polytechnic, Ile-Oluji invites bids in 2 lots for the provision of building construction and solar system. Details are contained in the standard bidding documents. Bids are to be submitted at the polytechnic not later than November 11, 2024.
- University of Agriculture and Environmental Sciences Umuagwo, Imo State invites bids in 1 lot for the upgrade/renovation of the university administrative building. Details are contained in the standard bidding documents. Bids are to be submitted at the university not later than October 30, 2024
- University of Agriculture and Environmental Sciences Umuagwo, Imo State invites bids in 12 lots for the provision of masterplan development, remodeling & rehabilitation works, utility vehicles, furniture and equipment, watch towers construction, solar streetlights, tractors, and a 100kVa generator. Details are contained in the standard bidding documents. Bids are to be submitted at the university not later than October 30, 2024
- National Institute of Construction Technology and Management, Uromi, invites bids in 1 lot for the proposed construction and furnishing of hostel building projects of 10-room each for both male and female students. Details are contained in the standard bidding documents. Bids should be submitted at the institute not later than October 28, 2024