ASUU Urges NASS To Protect TETFUND From Abrogation Under Proposed Tax Reform Bill—-The Academic Staff Union of Universities (ASUU) has urged the National Assembly (NASS) to protect the Tertiary Education Trust (TETFUND) from being abrogated under the Nigeria Tax Bill 2024.

Prof. Emmanuel Osodeke, the President of ASUU, said this in a statement on Friday in Abuja.

Osodeke said that the proposed bill was worrisome and also posed potential danger to the Tertiary Education Trust (TETFUND).

“ASUU has observed with keen interest the ongoing debate on the review of the tax system in the country under a proposed bill tagged, Nigeria Tax Bill, 2024.

“This is currently before the National Assembly. Arising from the tax bill is the proposed abrogation of the education tax.

“ASUU is alarmed by this dangerous and unpatriotic aspect of the proposed new tax regime,” he said.

According to Osodeke, the bill proposed that education tax, called development levy, used to bankroll TETFund’s programmes should be ceded to the newly established Nigerian Education Loan Fund (NELFUND).

“TETFund will also receive 66.7 per cent in 2027, 2028 and 2029 years of assessment but zero per cent in 2030 year of assessment and thereafter,”he said.

He said that the far-reaching consequence of the new tax system is that from 2030, all funds generated from the development levy would be passed to NELFUND.

He said that ASUU found the development not only worrisome but also inimical to the national development objective due to the potential danger to the survival of TETFund.

Osodeke said that TETFund has been viewed as the backbone for infrastructural development, postgraduate training and research capacity building in Nigeria’s public tertiary institutions in the
last 15 years.

He said that ASUU had resolved not to stand by and watch the denigration or obliteration of TETfund which represents a positive testament to its constructive engagements with Nigerian governments since 1992.

“It is our considered view that abrogating the TETFund Act 2011, by design or default, will be a great disservice not just to education but to Nigeria as a nation.

“As a result, ASUU is urging members of the National Assembly to do all within their capacity to protect TETFund from being abrogated under the Nigeria Tax Bill 2024, ”he said.

Watch Moment A 100-Level Student Slaps Lecturer In Nigerian University (VIDEO)—-Thecloudngr reports that there was mild drama at a Nigerian university following the irrational behaviour of a 100-level student that slapped a lecturer.

In a video sighted by this publication, the student was seen in an argument with the lecturer while she was being held by security operatives in the institution.

What led to the alterations wasn’t clear in the video but it appears to be a serious issue to have warranted such actions.

Several Nigerians have reacted to the action with many assuring that the student will be expelled from the institution.

WATCH VIDEO BELOW

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