The Tertiary Education Trust Fund (TETFund) is not being accessed by various tertiary institutions in Nigeria due to improper documentation and problems associated with financial reports.
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This was made known by the xecutive Secretaryof TETFund, Prof. Suleiman Bogoro who said that the insistence on adherence to the guidelines was posing a challenge for the institutions to easily access funds.
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"In the past, TETFund observed with dismay that one of the major problems associated with accessing funds is improper documentation and rendition of financial returns.
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"It is this problem that necessitated the fund to come up with a draft format on efficient and effective guidelines for projects, programmes and financial reports", he said.
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Borogo added that TETFund was taking a second look at the guidelines to ease the hurdles for intervention funds without total disregard to due process and laid down rules and regulations.
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He expressed the fund's commitment towards effective and efficient delivery of its projects, in keeping with the transformation agenda of President Goodluck Jonathan.