The federal government is amending tax reform bills to ensure Tertiary Education Trust Fund (TETFund) funding continues beyond 2030.
Education Minister Tunji Alausa confirmed this at a press briefing in Abuja, reassuring stakeholders of sustained TETFund revenue allocation.
President Bola Tinubu earlier proposed four tax reform bills, including the Nigeria Tax Bill and Nigeria Tax Administration Bill.
A clause in the Tax Administration Bill sought to replace education tax with a development levy, gradually eliminating TETFund’s funding.
The proposal faced criticism, with stakeholders warning it could weaken TETFund and impact public tertiary education funding significantly.
Alausa assured that the education ministry is working with lawmakers to amend the bill, protecting TETFund’s funding structure.
He stated, “We engaged with the tax reform committee, and I confirm TETFund will not be phased out.”
Established in 2011, TETFund relies on company tax deductions collected by the Federal Inland Revenue Service (FIRS).
It has played a crucial role in developing infrastructure, research, and training across Nigeria’s public tertiary institutions nationwide.
