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  • Welcome
  • Special reports
    • All
    • Unedited for the record
    Nepal lifts social media ban after deadly protest

    Nepal lifts social media ban after deadly protest

    Fight against insurgency: Middle-belt Forum hail FG, Israel security pact

    UN strongly condemn Borno attack that claimed 63 lives, including soldiers

    PANDEF back Tinubu’s state police proposal

    PANDEF back Tinubu’s state police proposal

    Canada’s economy sheds over 60,000 jobs in August

    Canada’s economy sheds over 60,000 jobs in August

    Embrace Igbo identity, Senator Nwoko urges Anioma people

    Embrace Igbo identity, Senator Nwoko urges Anioma people

    NCDMB outlines achievements,charges media, youth groups on social responsibility

    NCDMB outlines achievements,charges media, youth groups on social responsibility

  • Metro News
    Doctors in FCT commence warning strike, cite systemic failure, infrastructure decay, others

    Doctors in FCT commence warning strike, cite systemic failure, infrastructure decay, others

    Teachers, health workers strike,others:  Wike gets fresh ultimatum from FCT workers

    FCTA clears 1,000 shanties in Abuja district

    FCT set up committee to probe sales of FG houses, parks

    FCT set up committee to probe sales of FG houses, parks

    Imo government move to end open grazing in Owerri, issues two-week ultimatum to herders

    Imo government move to end open grazing in Owerri, issues two-week ultimatum to herders

    Lagos Assembly move to enact law to regulate house rents, agents, others

    Lagos Assembly move to enact law to regulate house rents, agents, others

    Teachers, health workers strike,others:  Wike gets fresh ultimatum from FCT workers

    Wike launch operation to flush street beggars, one- chance syndicate, others in FCT

  • Latest News
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    Kogi Gov hails security agencies for rescuing 17  passengers kidnapped in the state

    Kogi Gov hails security agencies for rescuing 17 passengers kidnapped in the state

    Bauchi govt uncovers 100 ghost health workers, vows sanctions

    Bauchi govt uncovers 100 ghost health workers, vows sanctions

    Nigerian government condemned Israeli airstrike in Qatar targeting Hamas leaders

    Nigerian government condemned Israeli airstrike in Qatar targeting Hamas leaders

    BREAKING: Ex-NNPC Chief Mele Kyari In EFCC custody over refinery probe

    BREAKING: Ex-NNPC Chief Mele Kyari In EFCC custody over refinery probe

    Soludo orders prosecution of officials linked to Onitsha traders murder

    Soludo orders prosecution of officials linked to Onitsha traders murder

    National grid collapse plunges Nigeria into darkness

    National grid collapse plunges Nigeria into darkness

    Trending Tags

  • Infotech
    NIMC partners online publishers to boost digital security through NIN enrollment

    NIMC partners online publishers to boost digital security through NIN enrollment

    Facebook set new monetization rules for creators who uses other people content

    Facebook set new monetization rules for creators who uses other people content

    Senate approves restoration of Aniocha North II State Constituency, Delta

    Bill mandating social media platforms to have physical office, records of employees pass second reading at the Senate

    Nigeria investigated  213 privacy breaches in 2024-NDPC

    Nigeria investigated 213 privacy breaches in 2024-NDPC

    FG begins construction of emerging technologies Institute in Kano

    FG begins construction of emerging technologies Institute in Kano

    MTN denies orchestrating poor network to influence FG, labour talk, apologizes for network fluctuations

    MTN shuns Labour-FG committee on tariff review, hike data tariff by 200%

  • World conflict & diplomacy
    Hamas accepts new Gaza truce plan – Official

    Hamas accepts new Gaza truce plan – Official

    Ukraine conflict: Trump and Putin end Alaska summit without deal

    Ukraine conflict: Trump and Putin end Alaska summit without deal

    Rwanda-backed rebels kill hundreds in DRC despite U.S.-sanctioned ceasefire

    Rwanda-backed rebels kill hundreds in DRC despite U.S.-sanctioned ceasefire

    Sudan claims army destroys Emirati aircraft, killing Colombian mercenaries

    Sudan claims army destroys Emirati aircraft, killing Colombian mercenaries

    UK prime minister back US military strikes on Iran ‘s nuclear sites

    UK prime minister back US military strikes on Iran ‘s nuclear sites

    Israel bombs Iran’s heavy water reactor, says state television

    Israel bombs Iran’s heavy water reactor, says state television

  • Security
    Fight against insurgency: Middle-belt Forum hail FG, Israel security pact

    Fight against insurgency: Middle-belt Forum hail FG, Israel security pact

    Police, Omatekun, confirms the kidnap of seven farmers in Ondo

    Fear of attack grips Kwara NYSC over suspicious movements around camp

    Nwifuru demands arrest of killers of 13 Ebonyi indigenes in Anambra

    Nwifuru demands arrest of killers of 13 Ebonyi indigenes in Anambra

    State police only solution to Benue killings, others- Adams

    State police only solution to Benue killings, others- Adams

    Female suicide bomber kills 24, injure  scores in Borno community

    Female suicide bomber kills 24, injure scores in Borno community

    Obi calls for immediate end to violence against Benue communities

    Obi calls for immediate end to violence against Benue communities

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Home Education

Tax reform: ASUU begs FG not to abolish TETFUND, says Fund saved education

Daily Intel Newspaper by Daily Intel Newspaper
January 12, 2025
NOA seeks stakeholders support for tax reform bills in Gombe

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The Academic Staff Union of Universities, ASUU, in Akwa, the Anambra State capital appealed to the federal government not to abolish the Tertiary Education Trust Fund, TETFUND, in the proposed tax reform bills before the National Assembly.

The administration of President Bola Tinubu has consistently assured that the Fund would not be abolished.

However, concerned and seeking further assurances, the coordinator for the Owerri zone of ASUU, Professor Dennis Aribodor, at a briefing recalled that TETFUND has helped in no small way to improve infrastructure in public tertiary institutions across country.

According to Aribodor, ASUU Owerri Zone is sensitizing and inviting all stakeholders for a patriotic action to save public tertiary education in Nigeria by rejecting the Nigeria Tax Bill 2024, especially as it affects the abolishing of the Tertiary Education Trust Fund (TETFund).

He said: ” Going back to history, the 1980s were a particularly difficult period for Nigerian universities and other tertiary institutions . The economic downturn, compounded by the implementation of Structural Adjustment Program (SAP) of the Babangida Administration, masterminded by IMF and World Bank, led to cuts in public spending on education. Universities  and other tertiary   institutions  were   starved   of   resources,   and   lecturers   were   poorly   paid. 

“ASUU, recognizing that the future of Nigerian education was at stake, embarked on a series of strikes and  negotiations   with   the   government.   Their   demands  were   clear:   improved  funding   for universities  and education, respect for university autonomy, and  provide  better welfare for lecturers. During this period.

“ASUU played a key role in the development of what would later become the Education Tax Fund (ETF), now known as TETFund (Tertiary Education Trust Fund). In January 1993, the Education Tax Act No7 of 1993 was promulgated. The Decree imposed a 2% tax on the assessable profits of all companies in Nigeria.

“Some African countries have recently visited to understudy TETFund; Nigeria should be improving on the operations and sustainability of the agency, and not planning to emasculate or abrogate it.

“ASUU Owerri Zone has resolved not to stand by and watch the denigration or obliteration of TETfund which represents the positive testament to our Union’s constructive engagements with Nigeria governments since 1992.

“It is our considered view that abrogating the TETFund Act 2011, by design or default, will be a great disservice not just to education but to Nigeria as   a   nation.  

“As   a   result,   ASUU  Owerri   Zone  is   urging  all   stakeholders   in   the   Nigeria Education project particularly the National Assembly, especially the Senate President and the Speaker of House of Representatives, to do all within their capacity to protect TETFund from being  abrogated under the   Nigeria Tax Bill,   2024  and  save  the killing  of public tertiary education.”

 He described TETFUND as a home grown solution to address issues of funding to rehabilitate the lost glory of education and confidence in the system.

ASUU Owerri Zone comprises of Chukwuemeka Odumegwu Ojukwu University Igbariam, Anambra State; Federal University of Technology Owerri; Imo State University Owerri,   Michael   Okpara University of  Agriculture   Umudike,   Abia State; and Nnamdi Azikiwe University, Awka.

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