IMPACT OF TERTIARY EDUCATION TRUST FUND ON HUMAN AND INFRASTRUCTURAL DEVELOPMENT IN NIGERIAN UNIVERSITIES. A SURVEY OF SELECTED UNIVERSITIES IN THE SOUTH EAST NIGERIA

Nwaoma, G. E.
nwaomagladys@gmail.com
Okafor, M.C.
michassociates@yahoo.com
Department of Accounting
Michael Okpara University of Agriculture Umudike Nigeria

Education at all levels is seen as a fundamental catalyst for moral and intellectual development
which humans require in order to live a meaningful life. Tertiary education enhances the
training and development of minds capable of impacting on the economic and social
development of society. Thus the extent to which a society can prosper largely depends on its
level of human and infrastructural development. This study investigated the impact of
TETFUND on the human and capital development in the south eastern federal universities in
Nigeria. Data was collected from the annual bulletin of TETFUND for the period under review
and analysed using regression method. The results indicated that funds released for human
training and infrastructural development has positive significance with p-values ranging from
0.0022 to 0.00326 respectively. The study recommended timely disbursement of the
interventionist fund for effective utilization and strict monitoring of contracts

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