The Tertiary Education Trust Fund (TETFund) has suspended the foreign component of its TETFund Scholarship for Academic Staff (TSAS) Intervention due to the high cost of overseas training and incidents of scholars absconding.
The suspension will take effect on January 1, 2025, according to a letter signed by TETFund’s Executive Secretary, Arc. Sonny Echono, and addressed to heads of beneficiary institutions, including vice chancellors, rectors, and provosts.
The letter, dated November 25, 2024, and seen by Daily Trust, reads: “In response to the current excessive cost of training in foreign institutions, coupled with the high rate of abscondment of scholars, the Board of Trustees of the Fund has approved the suspension of the foreign component of the TETFund Scholarship for Academic Staff (TSAS) Intervention.
“Beneficiary institutions are accordingly advised to prioritise their training needs for implementation locally (in Nigerian institutions).
“It is expected that this will conserve and reduce pressure on the foreign exchange rate, boost investment and local capacity in our Institutions while significantly increasing the number of beneficiaries of the Intervention.”
Echono, however, explained that scholars already enrolled in foreign institutions under the programme would continue to receive sponsorship until they complete their respective programmes.
Recommended Articles:
- Check Out Trending Schools Gist
- List Of Schools Whose Post UTME Forms are on Sale
- Top 5 Must-Have for Freshers in Any Nigerian Higher Institution
- 15 Types of Roommates You Will Find in School
- 5 Reasons Most Students Are Not Offered Admission Despite High Post-utme Score
- Jamb Alternatives: 5 Best Ways To Gain Admission Into A University Without JAMB
- Ten Things Every Jambite Must Know Before Entering The University
- 10 Secrets to Making Straight A’s in Varsity of Poly
- Mistakes Students should never Make in Tertiary Institutions
ALLSCHOOL TEAM
Stories You Shouldn't Have Missed:
- Talented African Man Builds Power Bank That Charges Laptop, Phones, Light Bulbs
- Abuja School Denies Bullying Claims, Labels Viral Video a ‘Staged Play’
- NELFUND Resumes Disbursement Of Students’ Upkeep Allowance; Clears 3,600 Unpaid Students
- UNILAG Student Who Received N10 Million in Donations Expresses Gratitude, Thanks Nigerians.
- “I Wanted to Drop Out Twice” – DJ Cuppy Weeps After Completing Her Oxford Master’s Thesis
- Expert Warns Job Seekers, Displays Sample of Bad Resume, Sparks Heated Debate
- 38 Inmates Earn Theology Degrees at Ogun Correctional Facility
Join Our 500,000+ Community:
Thank you so much for reading. We will appreciate it if you share this with your loved ones.