TETFund Records N68bn Shortfall In Revenue – Echono

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Tertiary Education Trust Fund (TETFund) said it has recorded a shortfall of N68 billion in its revenue collection for 2021 used for its operations in the 2022

Echono, however, said given President Muhammadu Buhari’s commitment to increased funding for education, and with the support of the National Assembly, the tax rate was increased from 2 to 2.5 per cent.The executive secretary further expressed concern in the area of research intervention lines, while revealing, from available data, that the nation was yet to benefit significantly from the desired impact of the intervention line.

“We are also for the first time adopting the bottom-up approach to the budgeting process for the year 2023 intervention cycle. Echono also said that the 2022 zonal intervention would focus on improving and expanding its ICT capabilities, to catch up with the rest of the world in the ICT space for needed national development.

“We are currently re-working our 2007 edition of Guidelines for Disbursement and will make it available to you, when completed.

Source: Education Headlines (educationheadlines.net)

 

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