Abia Poly received N4bn From TETFUND In eight Years –Aspoly Rector

Abia State Polytechnic, Aba, received N4 billion
from the Tertiary education agree with Fund (TETFUND)
from 1999 to this point, the acting Rector, Mr
Okpara Onyekwere, has said.

Onyekwere made the declaration on Thursday in
Aba, while members of the nation Correspondents’
Chapel, Nigeria Union of Journalist (NUJ) paid him a
courtesy go call.

He said that the polytechnic had benefitted
immensely from TETFUND, adding that the consider
fund was a main supply of investment for the
organization after the nation government.

“TETFUND has been very helpful to the polytechnic;
TETFUND has geared up 5 engineering
programmes inside the group,’’ he said.

The rector stated that the country authorities had paid
the N2 billion mortgage the organization took from First
financial institution, including that the price had assisted to place
the polytechnic on sound economic footing.

He said that the organization spent loads of cash to
carrier the loan inside the first month and there was no
hope of liquidating the facility before the
intervention of the government.

He said that as part of its efforts to reinforce internally
generated revenue, the control of the
polytechnic became making an investment in commercial initiatives
inclusive of water processing plant and bakery.

He said that with a students and group of workers populace of
as a minimum 20,000 and 1,000 respectively, the
institution had massive marketplace for the goods.

Onyekwere expressed the hope that within the next
years, the polytechnic could end up self-
maintaining “if the government’s monthly subvention
of N90 million is regular.”

He stated the polytechnic could quickly begin a
3-month certificate programme for artisans,
bricklayers, mechanics and electricians in Aba as
part of efforts to impact on its environment.

He appealed to public lively people and
philanthropists to support the institution to actualise
its goals.


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