FG may increase tertiary education tax by 2%, says Bogoro

The Executive Ssecretary of TETfund , Suleiman Bogoro, yesterday gave indication that the federal government may have begun the process to increase the two percent education tax, with which it supports TETfund, to about four percent.

Bogoro said a comprehensive report on the proposed increase has been forwarded to the Federal Government by the Federal Ministry of Education.

The TETfund boss who spoke at a press conference on Wednesday said the Fund recommended an increase in the education tax from its present two percent to between three and four percent.

He said as soon as the presidency reviews the proposal for the increase in the education tax and the National Assembly commences the process of amending the TETfund Act to accommodate the increase, the fund will play the expected supportive role to facilitate the process.

He explained that the process will begin as soon as government gives the go ahead.


“For us at TETfund, it may just be that government has taken a decision and we are supposed to ensure that it is facilitated and whatever contribution we need to make to add to an Executive Bill emanating that would raise the collection from two to four percent,” he said.

He further said that it would mean a lot for TETfund, stating that TETfund act cannot be changed without legislation from the National Assembly.

Bogoro observed that the interventions by the fund in the areas of research and development have led improved performance of Nigerian universities, which according to him has also impacted on their ranking in Africa.