TETFund approves N15bn for National Library

The Federal Government, through the Tertiary Education Trust Fund, has approved N15 billion as the first tranche for the construction of the 15-year-old derelict National Library in Abuja.

The punch reports that the project located at Plot 35, Cadastral Affairs District, Federal Capital Territory, was awarded to Reynolds Construction Company in 2006 under the administration of former President Olusegun Obasanjo for N8.9 billion with an initial completion period of four years.

The company is said to have requested an upward revision of the contract due to the federal government’s decision to integrate new technologies into the building.

The administration of former President Umaru Yar’Adua then approved an upward revision of 18 billion naira.

Federal Ministry of Education spokesman Ben Goong in an interview with our correspondent said the building would require 50 billion naira to complete.

But TETFund, in a post on its website, said it had set aside N15 billion for construction to take off.

TETFund Executive Secretary Sonny Echono said: “On our side, we have set aside the first tranche of approximately N15 billion already in our coffers to be deployed as soon as approval for the revised cost is granted by the Federal Executive Council. .”

He highlighted the importance of the library saying, “For us in higher education, the library is where learning takes place, including research, teaching materials and resources that students access to learn. ‘improve, are all deposited for registration purposes. The library is usually the center of any academic institution.

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