In a statement on Sunday, Efe Ovuakporie, director of press relations at the ministry of finance, said the disbursement covers 79 universities, 46 polytechnics and 41 colleges of education.
Ovuakporie said the fund is intended to address infrastructure gaps and improve learning facilities across the institutions.
According to the statement, N28.5 billion, representing 73.2 percent of the total funds released, was allocated to universities, while polytechnics received N5.8 billion, representing 14.9 percent.
Colleges of education received the remaining N4.7 billion, representing 12.1 percent.
“The intervention forms part of the Federal Government’s efforts to address the needs of public universities and support the implementation of agreed measures under the Memorandum of Understanding between the Federal Government and the Academic Staff Union of Universities (ASUU),” the statement reads.
“The funds are expected to enable beneficiary institutions to commence or advance approved projects addressing critical infrastructure and other identified institutional needs, with the overall objective of strengthening the quality of tertiary education in Nigeria.”
Ovuakporie said the disbursement underscores the importance of effective coordination between the finance ministry, the ministry of education and beneficiary institutions to ensure that approved public funding translates into tangible improvements in educational infrastructure and institutional capacity.
For further information on the beneficiary institutions and their respective allocations, the ministry advised members of the public to visit its official website.
