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The Academic Staff Union of Universities (ASUU) has warned that the tax reform bills initiated by the Federal Government will undermine the operations of the Tertiary Education Trust Fund (TETFund).
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ASUU claims that the bills will redirect funds to the Nigerian Education Loan Fund (NELFund).
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The union has called on the National Assembly to suspend debate on the bills, stating that they pose a serious threat to the survival of TETFund.
The Academic Staff Union of Universities (ASUU) has raised alarm over the tax reform bills initiated by the Federal Government, warning that they will undermine the operations of the Tertiary Education Trust Fund (TETFund) and cripple tertiary education in Nigeria.
According to the Bauchi Zonal Coordinator of ASUU, Prof Timothy Namo, “The bills seek to enact a new law and abrogate the Education Tax.
“These bills, if passed into law, will replace the Development Levy, which has been a major source of funding for TETFund projects.”
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Namo emphasized that TETFund has been instrumental in supporting infrastructural development, postgraduate training, research, and capacity building in public tertiary institutions across Nigeria since 1993.
He warned that ASUU would resist any move detrimental to TETFund’s operations, stating, “This poses a serious threat to the survival of TETFund and, consequently, the Nigerian tertiary education system.”
Why we deferred our nationwide strike till January —ASUU
The Academic Staff Union of Universities (ASUU) has warned that it will embark on a nationwide strike in January if the Federal Government fails to address its demands.
ASUU President, Professor Emmanuel Osodeke, disclosed this in an exclusive interview, stating that the union had given the government enough time to resolve the issues.
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