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EXPANDING THE SCOPE OF TETFUND INTERVENTION.

The stakeholders in the education sector has; again the glamour to amend clause 72a and 73 of the tertiary education Trust Fund, TETFUND, ACT 2011; and expanding of its scope of intervention.

Two separate bills proposing the amendments had passed first and second reading at the house of representatives and came up for public hearing on Monday where stakeholders said no to an attempt to expand the scope of TETFund’s intervention to private universities by about 10 per cent of all the 2% company taxes collected.

The federal tertiary health institutions and teaching hospitals by 17.5 percent of the taxes.

Speaking at the public hearing held by the House of Representatives committee on Tertiary Education Services, the National President of the Academic staff union of Universities, ASUU, Prof Biodun Ogunyemi said private universities are private enterprises which should be contributing to TETFUND and not drawing from it.

Ogunyemi argued that allowing private universities to benefit from TETFUND; will violate the essence of establishment the fund which was; to get private sector to contribute to funding of education through education tax.

He warned that 40 out of the 74 private universities were; faith-based and encouraging them to draw from TETFUND will open another window of national crises.

 

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