Tasued vc reveals the institution secured n420 million tetfund grant

It seems like you're referring to a news article about the University of Ibadan (UI) securing a grant from the Tertiary Education Trust Fund (TETFund).

According to the article, the University of Ibadan has secured a grant of N420 million from the TETFund. This grant is aimed at supporting the institution's efforts in promoting academic excellence, research, and infrastructure development.

The TETFund is a federal government agency established to provide funding to public universities in Nigeria to enhance their capacity to deliver quality education. The fund provides grants to universities for various purposes, including infrastructure development, staff training, and research.

The grant secured by the University of Ibadan is a significant development for the institution, as it will enable it to undertake various projects aimed at improving its infrastructure, enhancing its academic programs, and promoting research and innovation.

It's worth noting that the grant is not a loan, but rather a non-refundable grant that will be used to support the institution's development efforts. The grant will be managed by the university's management, in collaboration with the TETFund, to ensure that it is used effectively and efficiently.

Overall, the securing of this grant is a positive development for the University of Ibadan, and it is expected to have a positive impact on the institution's development and growth.