IIARD International Institute of Academic Research and Development

INTERNATIONAL JOURNAL OF ECONOMICS AND FINANCIAL MANAGEMENT (IJEFM )

E-ISSN 2545-5966
P-ISSN 2695-1932
VOL. 7 NO. 6 2022
DOI: https://doi.org/10.56201/ijefm.v7.no6.2022.pg28.35

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Factors Militating Against the Effective Execution of TET Fund Approved Projects in Northeast Zone Nigeria: Implication for Policy

Yahaya Muhammad Adamu , Lamido Muhammad Hammaiyo ,AlhajiKawugana PhD

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Abstract

The study examined the Factors Militating against the effective execution of Tet Fund approved Projects in Northeast Zone Nigeria: Implication for policy. The objectives of the study are to examine the efficiency of conduct and accessing of approved Tet fund projects on growth development in polytechnics in the Northeastern States and to examine the state of effective Administration of Polytechnics strategies in utilizing of Tet fund Grants in Northeast Zone. Data were collected from primary source and secondary source for the study. However, as a survey study the data for the research will be collected through questionnaire and interview, The research design used for this study is both quantitative and qualitative. The study area is Northeast zone, Nigeria. And the data collected will be analyzed using STATA statistical tools. Based on the findings it was found that the amount allocated to the polytechnics in the Northeast is not sufficient to cover staff request on training and development, execution of capital projects. The study recommends that Tet fund should review the amount allocated to each polytechnic to cover their request (training and development and capital project). Also, whenever funds are allocated to institutions and are not assessed, such funds should be roll over or reallocated in the next year budget, again TET Fund need to embark on periodic evaluation and supervision of projects it is supporting or funding in higher institutions in the region. This evaluation and supervision should not be restricted to capital projects alone. Projects on manpower development like academic staff training, conferences, workshops, engineering fabrications, supply of equipment among others should also be subjected to severe evaluation and supervision by TET Fund.

keywords:

Factors, Militating, Execution, Tet fund, Projects

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