The Academic Staff Union of Universities, ASUU, has called for the utilisation of backlog of unspent funds allocated to tertiary education.
ASUU warned that the continued stagnation of these resources could hinder the growth and development of the nation’s tertiary institutions.
This came as Tertiary Education Trust Fund, TETFund, engaged stakeholders at a one-day strategic interaction with heads of beneficiary institutions.
At the meeting, held in Abuja, yesterday, the Executive Secretary of TETFund, Mr. Sonny Echono, said the strategic engagement marked a new chapter for the board, where it aligns efforts with stakeholders to optimise performance and enhance the quality of Nigeria’s tertiary education.
He said that with the recent increase in education tax from 2.5 percent to 3 percent, TETFund was poised for even greater impact, improving infrastructure, academic programs, and accessibility for all students.
“As heads of TETFund beneficiary institutions, you play a pivotal role in actualizing the mandate of the Fund. It is crucial that we engage constructively to set a clear course for the Fund’s direction and operational priorities.
“TETFund’s purpose is to empower our nation’s human capital, addressing the urgent need for capable, skilled professionals across all sectors. Established in response to the deficits in our tertiary education sector, TETFund began as the Education Tax Fund in 1993, transitioning in 2011 to its current form with a commitment to enhancing the quality of Nigeria’s public tertiary institutions through Education Tax contributions.
“The increase last year in the Education Tax from 2.5 percent to 3 percent authorised by President Bola Tinubu represents a significant stride for TETFund. This change reinforces the government’s dedication to strengthening Nigeria’s educational framework.
“We urge all stakeholders to actively engage in building these partnerships. Let us explore innovative ways to connect our institutions with industry leaders, fostering a symbiotic relationship that benefits both our students and the economy,” he added.
Speaking, the President of ASUU, Prof. Emmanuel Osodeke, said university leaders must fight for themselves and not rely on others to negotiate their future.
Peoplesmind
