The Academic Staff Union of Universities (ASUU), Akure Zone, has strongly opposed the proposed abolition of the Tertiary Education Trust Fund (TETFund), currently under review by the National Assembly.
At a press conference held on Tuesday at the University of Medical Sciences, Ondo State, ASUU Akure Zonal Chairman, Prof. Adeola Egbedokun, criticised the 2024 Nigeria Tax Bill, which suggests allocating only 50% of education tax to TETFund in 2025 and 2026, with zero allocation from 2030 onward.
Egbedokun warned that phasing out TETFund could cripple tertiary education, halting infrastructure projects and staff development.
He argued that diverting funds towards student loans could pressure public universities to hike tuition fees, turning them into profit-driven institutions.
ASUU urged the National Assembly to reject any provisions in the tax bill that threaten TETFund’s existence and called on education stakeholders and the public to defend the agency’s critical role in Nigeria’s tertiary education development.
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