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The Academic Staff Union of Universities (ASUU) has called on the National Assembly to reject any provisions in the Nigeria Tax Bill 2024 that could undermine the Tertiary Education Trust Fund (TETFund).
Prof. Adeola Egbedokun, ASUU Coordinator for the Akure Zone, made this appeal on Tuesday during a press conference at the University of Medical Sciences, Ondo.
He stressed that TETFund has played a critical role in enhancing the global competitiveness and development of Nigeria’s tertiary education sector.
“Stakeholders in the education sector and the general public should join forces in safeguarding TETFund. Its survival is not merely an educational concern but a matter of national importance.
“ASUU firmly resolves not to remain silent as TETFund has faced threats of diminution or elimination.
“TETFund is a monumental achievement of the union’s constructive engagement with successive Nigerian governments since 1992.
“Any attempt, whether intentional or otherwise, to repeal the TETFund Act 2011 would constitute a profound disservice, not only to the education sector, but to the nation as a whole,” he said.
According to him, safeguarding TETFund is vital to securing the future of education and fostering sustainable national development.
DAILY POST reports that TETFund is a scheme established by the Federal Government in 2011 to disburse, manage, and monitor education tax to government-owned tertiary institutions in Nigeria.