The Chairman, Tertiary Education Trust Fund (TETFUND), Alhaji Kashim Ibrahim- Imam has disclosed that over N12 billion was spent on the training of researchers across 12 universities in the country in 2021.
Imam who made the disclosure yesterday in Maiduguri during an interactive forum with the Federal Inland Revenue Service ( FIRS ) , added that TETFUND has ongoing projects in 226 institutions out of the 245 higher institutions in the country.
He said the theme: “improving education tax collection in the post-pandemic era” was adopted to improve education tax remittance through the Federal inland Revenue Service.
He listed some of the projects to include laboratories, engineering workshops, lecture theaters, and lecture halls among other infrastructural projects that are among the one hundred thousand projects being undertaken in the 2021 intervention funds.
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The TETFUND Chairman said:“There are 226 higher institutions where we are undertaking one hundred thousand projects from the 2021 intervention fund of TETFUND.
“ These projects are funded from the revenue we generate in the year 2021.
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We had a revenue target of N500 billion but we could only realise N200 billion out of which we are using to fund these projects in the Nigerian Universities, polytechnics, and colleges of education.”
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