The Academic Staff Union of Universities, ASUU Akure Zone, has kicked against the proposed eradication of the Tertiary Education Trust Fund TETFund which is currently under review by the National Assembly.
The union also condemned the proposal that in the 2024 Nigeria Tax Bill, only 50 per cent of education tax would be allocated to TETFund in 2025 and 2026 while from 2030 upward, TETFund would not be receiving allocation.
The chairman of ASUU Akure Zone, Prof. Adeola Egbedokun, stated this at a press conference, held on the campus of the University of Medical Sciences, Ondo town, Ondo State today.
Egbedokun who stated that the union is strongly against the proposed diverting of education tax and zero allocation from 2030 raised concerns on certain sections which include the illegality of diverting education tax, zero allocation from 2030, replacing TETFund with NELFUND, and loss of infrastructure and academic development, among others.
