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The Academic Staff Union of Universities has kicked against the Tertiary Education Trust Fund making private universities beneficiary of its interventions.
TETFund, established in 2011, disburses, manages, and monitors education tax for government-owned tertiary institutions in Nigeria.The main financial inflow available to TETFund is the two percent education tax paid from the assessable profit of companies registered in Nigeria.from some stakeholders to include privately-owned tertiary institutions as beneficiaries of TETFund.
Emmanuel Osodeke, the president of ASUU, spoke of the union’s position on this at a two-day interactive session between TETFund and all unions of beneficiary institutions.AdvertisementThe ASUU president said the project performance among the beneficiary institutions has been uneven despite that some of them received the same amount of money.Osodeke also called for the abolition of what he described as “stakeholders fund” among these institutions.
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