EDUCATION
Alleged Plan To Abolish TETFund, NOTSUP Appeal
The Non-Teaching Staff Union of Polytechnics (NOTSUP) has appealed to Federal Government not to systematically phase out TETFund which derives its funding from consolidated revenue from company income tax.
The union National President , Comrade Shaba Nakorji, who made the appeal during an interaction with our correspondent at NOTSUP Secretariat said almost 90% of the physical structures around all Federal and State government owned Polytechnics, Universities and Colleges of Education are products of TETFUND.
Nakorji said rather than to use Tetfund money to fund the Nigeria Education Loan Fund (NELFUND), the Federal Government should take 1% or 2% of VAT to fund NELFUND.
NELFUND recently introduced to disburse student loans is a good initiative, but cannot be a replacement for TETFund, he said.
The NOTSUP President said any plan to phase out the Tertiary Education Trust Fund (TETFund) is harmful to Nigeria tertiary education system and i appeal to the Federal Government to allow the Tetfund to stay and give more allocation to education budget.