Tertiary Institution Tax Increment

Tertiary Institution Tax Increment

The Senate Committee on Tertiary Institutions has advocated raising the tertiary education tax from 2.5% to 3%.

This would enhance research and development in the nation, according to the committee that reached the decision during an oversight visit to the Tertiary Education Trust Fund (TETFund) to assess the level of 2021–2022 budget performance.

The committee, which was chaired by Senator Ahmed Babba Kaita, also noted that the necessity for an increase in the education tax was necessitated by the fact that the health and education sectors are two crucial ones that promote growth.

The National Mathematical Centre (NMC) was also asked to be included in the agency’s interventions by the committee, which also asserted that the nation would prosper in research, science, technology, and innovation without embracing mathematics.

Additionally, Kaita encouraged TETFund to move quickly to fulfill Kaduna State Polytechnic’s request for an oxygen generator for COVID-19 in 2020.

 

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