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Home»News»TETFund Accelerates Entrepreneurship and Innovation in Nigeria’s Tertiary Institutions.
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TETFund Accelerates Entrepreneurship and Innovation in Nigeria’s Tertiary Institutions.

Gift IfeanyiBy Gift IfeanyiApril 7, 202503 Mins Read
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Nigeria’s tertiary education system has long been criticized for placing too much emphasis on theoretical learning, particularly in STEM fields, while lacking the hands-on experience required to prepare students for real-world careers. But now, a bold initiative led by the Tertiary Education Trust Fund (TETFund) is working to change that narrative—by fostering a culture of entrepreneurship, innovation, and industry collaboration within academic institutions.

Bridging the Gap Between Academia and Industry

Experts have long pointed out the consequences of outdated academic models: lack of modern equipment, limited exposure to practical skills, and an almost non-existent link between higher institutions and industry. This disconnection has left many graduates unprepared for Nigeria’s evolving job market.

To address this, TETFund, under the leadership of Executive Secretary Sonny Echono, has partnered with Innov8 Hub, a forward-thinking innovation centre, to launch the Research for Impact (R4i) programme.

The R4i Programme: Turning Ideas Into Impact

Launched in 2022, R4i is a two-week immersive training programme that equips researchers and lecturers with problem-solving techniques, design tools, and practical exposure to real-world innovation challenges. The initiative is aligned with the Sustainable Development Goals (SDGs) and encourages participants to think beyond theory and engage in solution-driven research.

“R4i gives Nigerian academics the tools to not just teach, but to solve problems. It’s about developing real solutions, owning patents, and launching ventures,” said Echono.

In its 30th cohort alone, 51 scholars from 11 polytechnics across Nigeria—including Yaba College of Technology, Kaduna Polytechnic, and Federal Polytechnic, Offa—participated and were equipped to become innovation leaders in their institutions.

Scaling Up with Innovation Hubs and Entrepreneurship Centres

Building on the momentum, TETFund has embarked on an ambitious plan to establish 48 Innovation Hubs and Entrepreneurship Centres across Nigeria. These centres are being implemented in phases:

  • 12 centres were established in 2023
  • 18 are in the final stages of procurement in 2024
  • Another 18 are scheduled for development in 2025

Each hub is designed to provide researchers and students with state-of-the-art equipment, modern labs, mentorship, and support for prototype development.

“We are not just installing equipment; we are creating ecosystems where innovation and entrepreneurship can thrive,” Echono emphasized.

Results and Vision for the Future

The Managing Director of Innov8 Hub, Gregory Ibe Jr., highlighted the tangible results already seen: over 1,000 participants trained, more than 150 prototypes developed, and a growing network of creators, inventors, and startup founders emerging from the programme.

He urged participants to return to their institutions as innovation catalysts, mentoring others and building a new wave of entrepreneurial thinkers in Nigeria’s education space.

Conclusion

TETFund’s strategy is more than just funding—it’s a long-term investment in capacity building, economic empowerment, and national development. By aligning academic research with industry needs and entrepreneurial thinking, the Fund is driving a powerful transformation that could redefine the future of tertiary education and youth employment in Nigeria.

With initiatives like R4i and Innovation Hubs taking root, Nigeria is on the path to producing not just graduates, but creators, innovators, and problem-solvers ready to shape the world.

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Gift Ifeanyi

Gift Ifeanyi is a passionate and talented young web developer with a flair for storytelling and a keen interest in business and entrepreneurship. She brings a fresh perspective and a tech-savvy approach to delivering daily news and insights on the ever-evolving world of startups, innovation, and business trends. With a commitment to excellence and a drive to inspire the next generation of entrepreneurs, Gift is dedicated to creating engaging and informative content that empowers readers to thrive in the dynamic business landscape.

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