The Tertiary Education Trust Fund (TETFund) was originally established as Education Trust Fund (ETF) by the Act No 7 of 1993 as amended by Act No 40 of 1998 (now repealed and replaced with Tertiary Education Trust Fund Act 2011). It is an intervention agency set up to provide supplementary support to all level of public tertiary institutions with the main objective of using funding alongside project management for the rehabilitation, restoration and consolidation of Tertiary Education in Nigeria.
The main source of income available to the Fund is the two percent education tax paid from the assessable profit of companies registered in Nigeria. The Federal Inland Revenue Services (FIRS) assesses collects the tax on behalf of the Fund.
The funds are disbursed for the general improvement of education in federal and state tertiary educations specifically for the provision or maintenance of:
REPORT ON STAGE OF COMPLETION OF CAPITAL PROJECTS IN THE UNIVERSITY. NO SAVINGS AND LIBRARY PROJECTS
| Name Of Project | Name Of Contractor | Sponsor | Contractor Sum (₦) | Timelines (Completion on Period) | Date Of Award | Date Of Completion | Details Of Agreement | Stage Of Completion | Amount Paid Including 5% Retention(₦) | Remarks |
|---|---|---|---|---|---|---|---|---|---|---|
| Years 2014/2016 Merged Physical Programme/Infrastructure Upgrade: Construction of Centre for continuing Education | Vinkkas Nig Ltd | TETFUND | 36 weeks (9months) | November 22, 2018 | August 2020 | Standard conditions of contract with article of agreement, preliminaries and Bill of Quantities | 100% | Completed and awaiting handover | ||
| Years 2014/2016 Merged Physical Programme/Infrastructure Upgrade: Construction of Entrepreneurship Department Centre phase 2 | Ugolanson Nig Ltd | TETFUND | 26 weeks (7months) | November 22, 2018 | Not Completed | Standard conditions of contract with article of agreement, preliminaries and Bill of Quantities | 90% | Work in progress | ||
| Years 2014/2016 Merged Physical Programme/Infrastructure Upgrade: Furnishing of Centre for Continuing Education | P & O Solid Foundation Nig Ltd | TETFUND | 5 weeks (2months) | November 22, 2018 | Not Completed | Article of agreement, conditions of contract, and Bill of Quantities | 70% | Work in progress | ||
| Years 2014/2016 Merged Physical Programme/Infrastructure Upgrade: Furnishing of Entrepreneurship Centre phase 2 | P & O Solid Foundation Nig Ltd | TETFUND | 4 weeks (1month) | November 22, 2018 | Not Completed | Article of agreement, conditions of contract, and Bill of Quantities | 70% | Work in progress | ||
| Years 2014/2016 Merged Physical Programme/Infrastructure Upgrade: Additional Furnishing of Entrepreneurship Centre phase 2 | Chrisjoe Nig Ltd | TETFUND | 4 weeks (1month) | November 22, 2018 | August 2019 | Article of agreement, conditions of contract, and Bill of Quantities | 95% | Completed | ||
| 2017 Zonal Intervention: Supply and Installation of Furniture and Equipment. | Chrisjoe Nig Ltd | TETFUND | 4 weeks (1month) | November 22, 2018 | August 2019 | Article of agreement, conditions of contract, and Bill of Quantities | 95% | Completed | ||
| 2017 Zonal Intervention: Supply and Installation of Furniture and Equipment. | Abidine Ltd | TETFUND | 4 weeks (1months) | May 7, 2019 | September 2019 | Article of agreement, conditions of contract, and Bill of Quantities | 100% | Completed and handed over | ||
| 2017 Zonal Intervention: Procurement of 30-Seater Air-Conditioned Petrol Engine Standard Toyota Coaster Bus. | Golden Phoenix Concepts & Resources Ltd | TETFUND | 4 weeks (1months) | May 7, 2019 | September 2019 | Article of agreement, conditions of contract, and Bill of Quantities | 100% | Completed and handed over | ||
| 2017 Zonal Intervention: Renovation and upgrading of Toilets in some Academic Areas. | Chrisjoe Nig Ltd | TETFUND | 8 weeks (2months) | May 7, 2019 | September 2019 | Standard conditions of contract with article of agreement, preliminaries and Bill of Quantities | 100% | Completed and handed over | ||
| Year 2018 Physical Programme/Infrastructure Upgrade: Construction of Department of Anatomy and Physiology. | NIL | TETFUND | Standard conditions of contract with article of agreement, preliminaries and Bill of Quantities | Tendering in Process | Technical Bid analysis in progress | |||||
| Year 2016 Project Maintenance: Renovation of department of Medical Laboratory Technology Building. | Josem Ventures Nig Ltd | TETFUND | 4 Weeks (1 Month) | January 27, 2020 | August 2020 | Standard conditions of contract with article of agreement, preliminaries and Bill of Quantities | 100% | Completed and Handed over | ||
| Years 2016/2018 Merged Entrepreneurship Intervention: Supply of Equipment for entrepreneurship | Qualityton Nig Ltd | TETFUND | 6 weeks (2 months) | January 27, 2020 | Not Completed | Article of agreement, conditions of contract, and Bill of Quantities | 95% | Awaiting Testing and Handing over | ||
| Years 2016/2018 ICT Support: Training of Academic and none Academic staff on ICT | Fozy Global Nig Ltd | TETFUND | 10 Days | January 13, 2020 | Article of agreement, conditions of contract, and Bill of Quantities | Awaiting Release of First tranche | Delay due to aborted tender on website development | |||
| Years 2016/2018 ICT Support: Remodeling of the University Website | Tenece Professional Services Limited | TETFUND | 4 weeks (1month) | August 28, 2020 | Article of agreement, conditions of contract, and Bill of Quantities | First tranche released to the university | ||||
| 2018 Zonal intervention: Supply and Installation of Furniture and Equipment for College of Medical Sciences, Faculty of Environmental, Faculty of Management Sciences, Faculty of Agriculture, Faculty of Arts and Humanities, Faculty of Social Science, Business Education and Department of Architecture | P and O Solid Nig Ltd | TETFUND | 7 weeks (2months) | January 13, 2020 | Not Completed | Article of agreement, conditions of contract, and Bill of Quantities | 80% | Work in Progress | ||
| 2019 Special High Impact Intervention: Construction of Faculty of Arts and Humanities | UYK Nigeria Ltd | TETFUND | 44 weeks (11months) | June 2, 2020 | Not Completed | Standard conditions of contract with article of agreement, preliminaries and Bill of Quantities | Block work to lintel level | Work in Progress | ||
| 2019 Special High Impact Intervention: Construction of Faculty of Social Science | MNM Construction and Engineering Services Ltd | TETFUND | 44 weeks (11months) | June 2, 2020 | Not Completed | Standard conditions of contract with article of agreement, preliminaries and Bill of Quantities | Block work to lintel level | Work in Progress | ||
| 2019 Special High Impact Intervention: Construction of Faculty of Education | Marainiya Ventures Ltd | TETFUND | 44 weeks (11months) | June 2, 2020 | Not Completed | Standard conditions of contract with article of agreement, preliminaries and Bill of Quantities | Block work to lintel level | Work in Progress | ||
| 2019 Special High Impact Intervention: Supply and Install HP Desktop Computers | UYK Nigeria Ltd | TETFUND | 44 weeks (11months) | June 2, 2020 | Standard conditions of contract with article of agreement, preliminaries and Bill of Quantities | Contractor to Mobilize to Site | ||||
| 2019 Research and Development/Centre of Excellence Intervention: Furnishing Offices for University Centre of Excellence. | New Imagination Ventures Limited | FETFUND | 9 weeks (2months) | August 28, 2020 | Article of agreement, conditions of contract, and Bill of Quantities | First Tranche Released, to the university | First Tranche Released, to the university | |||
| 2019 Research and Development/Centre of Excellence Intervention: Procurement of Fiat Hilux for University Centre of Excellence. | Kosam Heritage Global Services Limited | FETFUND | 9 weeks (2months) | August 28, 2020 | Article of agreement, conditions of contract, and Bill of Quantities | First Tranche Released, to the university | Nil | |||
| 2019 Zonal intervention: Supply and Installation of Equipment and Furniture for G.I.S Laboratory for Faculty of Environmental Science | Marainiya Ventures Limited | TETFUND | 13 weeks (3 months) | August 28, 2020 | Article of agreement, conditions of contract, and Bill of Quantities | First Tranche Released, to the university | Nil | |||
| 2019 Zonal intervention: Supply and Install 20KVA Solar Hybrid Power Station for G.I.S Laboratory for Faculty of Environmental Science | Abshu General Merchandise Limited | TETFUND | 13 weeks (3 months) | August 28, 2020 | Article of agreement, conditions of contractArticle of agreement, conditions of contract, and Bill of Quantities, and Bill of Quantities | First Tranche Released, to the university | Nil | |||
| Needs Assessment Project: Construction of Hostel Block “A” | Chlez Engineering Ltd | Needs Assessment | 36 weeks (9months) | November 25, 2016 | Not Completed | Not Completed | 85% | Contractor abandoned site | ||
| Needs Assessment Project: Construction of Hostel ‘’B’’ | Goal Ummad Ltd | NAssessmenteeds | 34 weeks (8.5months) | November 25, 2016 | Not Completed | Standard conditions of contract with article of agreement, preliminaries and Bill of Quantities | 65% PROJECT DETERMINED AND REINSTATED | Work in Progress | ||
| Needs Assessment Project: Procurement and installation of Equipment for Department of Physiology | QualityTon Group Nig LTD | Needs Assessment | 4 weeks (1months) | January 27, 2020 | September 2020 | Article of agreement, conditions of contract, and Bill of Quantities preliminaries and Bill of Quantities | 100% Completed | Completed and Handed over | ||
| Needs Assessment Project: Procurement and installation of Equipment for Department Anatomy | Hachi:Clyn Global Ltd | Needs Assessment | 6 weeks | November 24th 2020 | Article of agreement, conditions of contract, and Bill of Quantities | 100% Completed | Completed and Handed over | |||
| Needs Assessment Project: Procurement and installation of Equipment for Department Biochemistry | Hachi:Clyn Global Ltd | Needs Assessment | 4 weeks | November 24th 2020 | Article of agreement, conditions of contract, and Bill of Quantities | 100% Completed | Completed and Handed over | |||
| Needs Assessment Project: Procurement and installation of Equipment for Department Architecture. | Josem Ventures | Needs Assessment | 5 weeks | November 24th 2020 | Article of agreement, conditions of contract, and Bill of Quantities | 100% Completed | Completed and Handed over | |||
| Needs Assessment Project: Procurement and installation of Equipment for Institute of pollution studies. | Ifegrace Ventures Ltd | Needs Assessment | 3 weeks | November 24th 2020 | Article of agreement, conditions of contract, and Bill of Quantities | 85% | Work in progress | |||
| Fencing of Onne Campus | Physical Planning Direct Labour | RSU | Standard conditions of contract with article of agreement, preliminaries and Bill of Quantities | Work stopped due to non-payment to contractor | ||||||
| Procurement and Installation of Equipment for Campus Television Studio | Arthurson Business Support Ltd | JAMB | 6 weeks (2months) | July 17, 2019 | Feb 2020 | Article of agreement, conditions of contract, and Bill of Quantities | 95% | Completed and Handed over | ||
| Construction of Senate Building | Vinkkas Nig Ltd | Rivers State Government | 50 weeks (13months) | June 11, 2020 | Not Completed | Standard conditions of contract with article of agreement, preliminaries and Bill of Quantities | Work up to Second Floor Deck | Work in Progress | ||
| Fencing of Ahoada Campus | RSU Direct Labour | RSU | Standard conditions of contract with article of agreement, preliminaries and Bill of Quantities | Work stopped due to non-payment to contractor | ||||||
| Fencing of Emohua Campus | RSU Direct Labour | RSU | Standard conditions of contract with article of agreement, preliminaries and Bill of Quantities | Work stopped due to non-payment to contractor | ||||||
| Fencing of Etche Campus | RSU Direct Labour | RSU | Standard conditions of contract with article of agreement, preliminaries and Bill of Quantities | Standard conditions of contract with article of agreement, preliminaries and Bill of Quantities | Work stopped due to non-payment to contractor | |||||
| Construction of Faculty of Clinical Sciences | Vinkkas Nig Ltd | Rivers State Government | 50 weeks (13months) | June 11, 2020 | Not Completed | Standard conditions of contract with article of agreement, preliminaries and Bill of Quantities | Work up to Second Floor Deck | Work in Progress | ||
| Construction of Faculty of Basic Clinical Faculty | Vinkkas Nig Ltd | Rivers State Government | 50 weeks (13months) | June 11, 2020 | Not Completed | Standard conditions of contract with article of agreement, preliminaries and Bill of Quantities | Work up to Second Floor Deck | Work in Progress | ||
| Construction of Medical Pathology | Vinkkas Nig Ltd | Rivers State Government | 50 weeks (13months) | June 11, 2020 | Not Completed | Standard conditions of contract with article of agreement, preliminaries and Bill of Quantities | Work up to Second Floor Deck | Work in Progress | ||
| Physical Infrastructure/ Programme Upgrade | NIL | TETFUND | ||||||||
| Academic Staff Training & Development | Nil | TETFUND | ||||||||
| Library Development | Nil | TETFUND | ||||||||
| Conference Attendance | Nil | TETFUND | ||||||||
| Institution Based Research | Nil | TETFUND | ||||||||
| Project Maintenance | Nil | TETFUND | ||||||||
| ICT Support | Nil | TETFUND | ||||||||
| Entrepreneurship Centre | Nil | TETFUND | ||||||||
| Publication of Journals | Nil | TETFUND | ||||||||
| Manuscript Development | Nil | TETFUND |