The House of Representatives Committee on Tertiary Education Trust Fund, or TETFund, decided to stop the 2024 TETFund investment in state-owned institutions. This decision has been met with protests from the Committee of Pro-Chancellors of State-Owned institutions, or COPSUN.
The decision was described as extraordinary in a press release issued by the committee’s secretary, Suleiman Abubakar Mahdi, on behalf of the chairman.
According to Mahdi, the House Committee’s decision violates the theory of the separation of powers and may spark confrontation between the various departments and levels of government.
The statement read:
“It should be noted that the Governing Councils of the various state-owned universities are, by law, empowered to award or approve the award of contracts after due procurement processes and are exercising this executive prerogative.
“The House Committee may wish to be respectfully reminded that the funds disbursed by TETFund belong to the states and are subject to appropriation and exclusive oversight by the various states’ Houses of Assembly.
“Therefore, the directive, even if valid, should not apply to state-owned universities.
“Furthermore, time is of the essence in executing these contracts, and with the upward trend in the dollar exchange rate resulting in inflation, this could ultimately increase costs.”
cc: Daily Post Ng
