TETFUND

why Tetfund?

 
TETFund (Tertiary Education Trust Fund) is a Nigerian government agency established in 2011 to provide sustainable funding for public tertiary institutions through the disbursement of education tax collected from companies. It focuses on improving infrastructure, academic staff development, research, and innovation in universities, polytechnics, and colleges of education.
 What is TETFund?
Origin: Initially created as the Education Trust Fund (ETF) in 1993 under the Education Tax Act. It was renamed TETFund in 2011 through the TETFund Act No. 16.
Funding Source: A 2% Education Tax imposed on the profits of all registered companies in Nigeria.Jurisdiction: Operates under the Federal Ministry of Education with headquarters in Abuja.
🎯 Mandate & Objectives
  • Funding for facilities & infrastructure: Support construction, renovation, and equipping of lecture halls, laboratories, libraries, and hostels.
  • Academic staff development: Provide scholarships and training opportunities for lecturers.
  • Research & innovation: Sponsor research projects and publications to enhance Nigeria’s knowledge economy.
  • Library development: Improve access to academic resources and digital learning tools.
  • Special interventions: Targeted support for teacher education, teaching practice, and special education.
🏛️ Scope of Intervention
  • Universities – Federal and State-owned
  • Polytechnics – Public institutions only
  • Colleges of Education – Public institutions only
📌 Key Impact
  • Helped arrest the decay in educational infrastructure caused by years of underfunding.
  • Increased access to modern facilities across Nigerian campuses.
  • Strengthened Nigeria’s research output and global academic visibility.
  • Provided thousands of scholarships for postgraduate studies both locally and abroad.
🌍 Why TETFund Matters
Private institutions are not eligible for TETFund interventions.
TETFund is central to Nigeria’s effort to revitalize tertiary education. By channeling corporate tax revenue into education, it ensures that higher institutions can compete globally, produce skilled graduates, and contribute to national development.
Would you like me to break down specific TETFund interventions in Nigerian universities (like grants, infrastructure projects, or staff training programs), so you can see its practical impact on campuses?
Sources:

          Scroll to Top