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Potential Suspension of Foreign Scholarships by TETfund Amid Forex Crisis

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Jul 8, 2023
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Executive Secretary of TETFund, addressed stakeholders during a One-Day Engagement on Emerging Issues in Abuja, highlighting that the fund allocation dedicated to servicing programs within its Tertiary Scholarship for Academic Staff (TSAS) is currently stretched thin. This has led the fund to contemplate the suspension of foreign scholarships and explore the possibility of revising the allocation for local scholarships. He expressed the fund's discouragement of beneficiary institutions initiating new Benchwork programs due to the current financial climate.


The Tertiary Education Trust Fund (TETFund) has recently experienced difficulties arising from the implementation of a new policy by the Central Bank of Nigeria (CBN). This policy shift has resulted in complications in the payment of foreign scholarship tuition fees and stipends. Shedding light on this issue,
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