ASUU Warns Against Scrapping TETFund, Urges Nigerians to Reject 2024 Tax Bill

The Academic Staff Union of Universities (ASUU) has expressed alarm over the proposed Nigeria Tax Bill 2024, currently before the National Assembly, which seeks to abolish the Tertiary Education Trust Fund (TETFund). ASUU cautioned that the policy would devastate public universities, reducing them to glorified secondary schools. The bill proposes diverting TETFund’s statutory funds to the Nigerian Education Loan Fund (NELFUND), a move ASUU described as illogical and anti-education. Highlighting TETFund’s crucial role in infrastructure development, capacity building, and research, ASUU called on lawmakers, state governors, and all Nigerians to oppose the bill and safeguard the future of tertiary education in the country.