The Federal Government says it has released ₦38.93 billion to 166 public tertiary institutions under the Needs Assessment Revitalization Fund to improve infrastructure and learning facilities.
A statement attributed to the Federal Ministry of Finance listed 79 universities, 46 polytechnics and 41 colleges of education as beneficiaries. It said universities were allocated ₦28.5 billion, polytechnics ₦5.8 billion and colleges of education ₦4.7 billion.
The ministry linked the intervention to efforts to address long-standing infrastructure deficits and commitments arising from discussions between the government and the Academic Staff Union of Universities. Institutions are expected to apply the money to approved projects that improve teaching, research and campus facilities.
The announcement emphasized coordination between the finance and education ministries and beneficiary institutions, with members of the public directed to official channels for allocation details.
The stated category allocations total ₦39.0 billion, slightly above the announced ₦38.93 billion, apparently reflecting rounding or a reporting discrepancy. The figures should be reconciled against the ministry’s institution-by-institution schedule before they are presented as audited disbursements.
SDP’s Adebayo Proposes ₦200 Petrol and Nationwide Public Transport Scheme
Social Democratic Party presidential aspirant Adewole Adebayo has outlined a proposal to reduce petrol prices to ₦200 per litre by supplying crude oil to domestic refineries under a government-backed arrangement without an upfront crude charge.
Speaking at a party event, Adebayo argued that Nigerians should not be required to bear international petroleum prices without comparable earnings. He proposed separating crude designated for export from supplies reserved for domestic refining, with refiners recovering costs through the value of other petroleum products.
He also proposed directing petrol sale proceeds into a transport fund to support buses across local government areas, with free travel for students and a payroll-based contribution model for some workers. The plan would involve partnerships with vehicle manufacturers and operators, including Nigerian firms.
Adebayo criticized the government’s economic policies, identified poverty and insecurity as major national challenges and urged journalists to provide balanced coverage of all credible political alternatives. He also called for opposition cooperation to protect the integrity of elections without necessarily agreeing on one candidate.
The ₦200 price is a political proposal, not an established commercial outcome. The supplied speech does not provide a verified fiscal model showing how crude costs, refining margins, distribution, taxes and public transport subsidies would be funded. Those assumptions would require independent economic scrutiny.
