DEPARTMENT OF STRATEGIC PLANNING AND DEVELOPMENT

1.0   INTRODUCTION

          The Department of Strategic Planning & Development has overall responsibility to ensure that Funds are available for intervention activities in the Nation’s Public Tertiary Education Institutions through effective monitoring of the 2% Education Tax (EDT) collected from registered companies in Nigeria by the Federal Inland Revenue Services (FIRS). It also ensures that appropriate strategies are employed by the Fund in the allocation of funds to Beneficiary Institutions and implementation of its mandate as encapsulated in the Fund’s enabling Act.

1.1    The Department has two Divisions and five (5) Units namely:

Divisions:

  1. Revenue Monitoring
  2. Budget & Strategic Planning

Units:

  1. Revenue Monitoring
  2. Strategic Partnership
  3. Strategic Planning
  4. Budget Monitoring
  5. General Office

   2.0   FUNCTIONS AND RESPONSIBILITIES OF THE DEPARTMENT

  1. Proactively monitoring the assessment and collection of Education Tax (ET) by FIRS, and ensuring the transfer of same to the ET pool Account with CBN;
  2. Ensuring continuous and effective co-operation and in collaboration with the Federal Inland Revenue Service especially as it relates to the ET collection;
  3. Collaborating with MDA’s, NGO’s, local and International organizations for the growth of Education Tax to further strengthen the effectiveness of the Fund’s mandate;
  4. Engaging with the Fund beneficiaries on development and implementation of strategic plan for their institutions;
  5. Carrying out continuous needs assessment and analysis which will serve as guide for intervention policy making and strategic planning for the tertiary education sector improvement;
  6. Developing strategic plans that will help benefiting institutions come up with intervention projects/programmes that are responsive to the changing education needs of the Nigerian public;
  7. Preparation of TETFund intervention budgets;
  8. Processing of submissions from BI’s on Advocacy and Publicity;
  9. Enlistment of Institutions as TETFund beneficiaries; and
  10. Organizing capacity building programmes for stakeholders in the public tertiary Education sector with a view to archiving efficiency in the utilization of the Education Tax (EDT).