The Proposal To Increase Education Tax

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The Tertiary Education Trust Fund (TETFund) has called for the upward review of the education tax to three percent. According to the agency, the increase is

Regrettably, in our opinion, funding for the education sector has been abysmal. Some experts have recommended that Nigeria needs at least N2 trillion to revive the sector and make it internationally competitive.

Similarly, the Academic Union of Polytechnics has also embarked on strike countless times in the last few years. Industrial actions have become synonymous with tertiary education in the country. It is noteworthy that the main issue has always been poor funding of the education sector. There is no denying the fact that TETfund has done well in improving and upgrading the infrastructure of some tertiary institutions but more work needs to be done. Indeed, most campuses of tertiary institutions in the country are replete with decayed infrastructures such as hostels, lecture halls, and roads. Some hostels are not even fit for human habitation. This makes exceedingly compelling for tertiary institutions to be fully funded to compete with their counterparts in developed countries.

 

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