The Tertiary Education Trust Fund, TETFund, says private universities, polytechnics and colleges of education in the country are already accessing its N7.5 billion National Research Fund, NRF, for the purpose of supporting the conduct of cutting-edge research.
The Executive Secretary of TETFund, Prof Suleiman Bogoro made the revelation while declaring open a 4-Day Meeting of TETFund Research and Development Standing Committee, RDSC.
He said the breakthrough comes two years after the Board of Trustees granted the approval for private institutions to draw from the funds.
Prof Bogoro said since the inauguration of the TETFund RDSC on September 24, 2020, the committee had gone far in implementing President Muhammadu Buhari’s directive to support government initiatives of responding to the threat of COVID-19 through ground-breaking research on phyto-medical drugs, prophylactics and vaccines.
The Executive Secretary pointed out that some of the results of the fund’s intervention would soon be announced .
Speaking on the report of the TETFund RDSC, the Chairman of the committee, Prof Gadzama Njida, described the report as its most important activity, adding that despite setbacks brought by the demise of their four colleagues, TETFund was able to sustain the progress of the committee’s work.
Prof Njida, who praised the efforts of the RDSC members, stressed the importance of an action plan after the report has been reviewed, for the purpose of establishing the National R&D Foundation.
One of the Vice Chairmen of the Committee, Engr. Mansur Ahmed, harped on the need for Nigeria to embrace problem-solving research, noting that countries such as China, UK, US and Russia, currently distributing vaccines have moved into a stage of development where research and technology drive their national development.