TERTIARY EDUCATION TRUST FUND (TETFund)
This Act repeals the Education Tax Act Cap. E4, Laws of the Federation of Nigeria, 2004 and Education Tax Fund Act No. 17, 2003 and establishes the Tertiary Education Trust Fund charged with the responsibility for imposing, managing and disbursing the tax to public tertiary institutions in Nigeria.
Provide funding for educational facilities and infrastructural development
Promote creative and innovative approach to educational learning and service
Stimulate, support and enhance improvement activities in the educational foundation areas, like Teacher Education, Teaching Practice, Library Development and Special Education Programmes Champion new literacy enhancing programmes
To provide focused and transformative intervention in public Tertiary Institutions in Nigeria through funding and effective project management
To be a world-class interventionist agency in Nigeria’s Tertiary Education
Ahead of the launch of the Student Loan Scheme by President Bola Ahmed Tinubu, a committee comprising the Executive Secretary…
Governor Caleb Mutfwang of Plateau State has extolled the foresight for the establishment of Tertiary Education Trust Fund (TETFund), noting…
In continuation of efforts aimed at boosting Research and Development for economic and technological development in Nigeria, the President Bola…
President Bola Ahmed Tinubu has approved over N683 billion as 2024 allocation to Beneficiary Institutions of the Tertiary Education Trust…
The Tertiary Education Trust Fund, (TETFund) has held a sensitization workshop for TETFund Desk Officers in Beneficiary Institutions across the…
As part of efforts towards strengthening the intervention activities of the Tertiary Education Trust Fund (TETFund) and addressing emerging issues…
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From 1980’s and beyond, the decay of all tiers of education was monumental. Facilities had almost collapsed, teachers and lecturers morale was at its lowest. Enabling environment for conducive teaching and learning was absent. The administration of President, Ibrahim Babangida mindful of the reality of the situation took measures to arrest the rot. In December 1990 the Federal Government constituted the Commission on the Review of Higher Education in Nigeria (the Gray Longe Commission) to review the post independence Nigerian Higher Education after Lord Ashby’s Commission of 1959.
The Longe Commission recommended among others the funding of higher education through earmarked tax to be borne by companies operating in Nigeria. An implementation committee under the chairmanship of Professor Olu O. Akinkugbe was constituted to implementation Grey Longe’s Commission report recommendations also an Agreement was signed between the Federal Government and ASUU on the 3rd September, 1992 on funding of universities.
LIST OF EXECUTIVE SECRETARIES
LIST OF PAST CHAIRMEN BOARD OF TRUSTEES
EXECUTIVE SECRETARY SIX POINT AGENDA
National Research Fund
The National Research Fund (NRF) is aimed to revitalize the objectives of addressing the critical need of high quality man power to drive the Nation’s Economy and development aspirations Towards attaining the Nation’s Vision 20:20 and beyond.
The Intervention focuses on applied researches that address areas of National concern namely: National Security, National Integration and Peace Studies, Education and Training, Economic Development, Agriculture, Food Security, and Technology Processes, Power and Energy, ICT and Telecommunication, Entrepreneurship and Wealth Creation, Environment issues etc.