Nigeria's Tertiary Education Trust Fund collected N1.5 trillion in 2024, raising education tax from 2.5% to 3%.

The Tertiary Education Trust Fund (TETFund) in Nigeria collected N1.5 trillion in education tax in 2024, up from 2.5% to 3%. This increase is set to boost infrastructure, research, and faculty development in universities. However, the Academic Staff Union of Universities (ASUU) urges better use of funds and warns against further tax hikes that could affect university funding. TETFund aims to enhance education quality and accessibility across Nigeria's tertiary institutions.

November 11, 2024
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