President Muhammadu Buhari on Wednesday approved N5 billion for research in tertiary institutions.
The money will be disbursed by the Tertiary Education Trust Fund through its National Research Fund.
Executive Secretary of TETFund, Suleiman Bogoro stated this during the inauguration of a national research fund screening and monitoring committee in Abuja on Tuesday.
Prof. Bogoro said the funds would enable scholars of tertiary institutions conduct cutting edge research for the growth and development of the country.
He explained that the approval was the highest since the establishment of the National Research Fund in 2009.
The executive secretary said the fund covered science, technology and innovation, humanities and social sciences and a cross-cutting disciplines.
Bogoro said the committee was made up of seasoned academics of repute that could devote their time and energy to critically review research proposals competing for fund with a view to recommending for grants.
He urged members of the committee to identify fundable proposals through the various mechanisms of the committee for sponsorship.
Chairman of the committee Prof. Olufemi Bamiro, in his remarks, pledge to commence work immediately in order to enable researchers access research funds and provide outcomes that can move the nation to the next level of development.