The Minister of Education, Dr Tunji Alausa, says President Bola Tinubu has approved N250 billion for the construction of student hostels across tertiary institutions nationwide.
Mr Alausa said this on Wednesday in Abuja during the inauguration of governing boards, principal officers and chief executives of agencies under the Federal Ministry of Education.
He said the intervention marked the first major dedicated investment aimed at addressing acute accommodation shortages in Nigeria’s universities, polytechnics and colleges of education.
According to him, the fund will support hostel construction in at least 50 tertiary institutions, with each expected to receive about N2 billion for at least 500 bed spaces.
He added that an additional N90 billion would be deployed through Public-Private Partnership arrangements to provide hostels in 24 federal institutions with 1,200 to 1,500 bed spaces each.
“We have several of those schools whose constructions have already started cumulatively, N250 billion in 2026 to provide student accommodation alone,” he said.
Alausa explained that the Tertiary Education Trust Fund (TETFund) would provide N1 billion counterpart funding per institution, while private investors would contribute about N4 billion each.