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ASUU demands education tax increase to 10%

ASUU demands education tax increase to 10%
Photo by Santi Vedrí- Ask Nigeria

The union says this is to enable TETFund mobilize more funds.

The Academic Staff Union of Universities (ASUU) has demanded that the Federal Government of Nigeria increase the Education Tax from the current 2.5 percent to 10 percent. The union says that this is to enable the Tertiary Education Trust Fund (TETFund) to mobilize more funds to properly address the challenges facing the tertiary education sub-sector. This was done at a Federal Government public presentation of 50 new textbooks, which was published by Nigerian authors and sponsored by TETFund.

TETFund’s Executive Secretary, Sonny Echono, commented on the ASUU President’s demand for a 10 percent Education Tax. He said he was aware that the Buhari administration had done a lot in this regard. That President Buhari has taken two bold steps in two years, which has generated pushback from different industries. Despite the issue of multiple taxation and the difficult operating environment, the president increased Education Tax from 2 percent to 2.5 percent; in the current Finance Bill, he has ensured that it will be increased to 3 percent.

Percentage for Educational Taxes are a later debate.

Echono said that he did not want to preempt until the Finance Bill is signed, but the actions of the president have shown that the president is committed and he wants to leave a legacy. He said, “Everyone knows that what is happening in most tertiary institutions is through the instrumentality of TETFund, so increasing funding will go a long way in achieving that. Whether we can go to 10 percent currently is a conversation that will be held somewhere else.”

Meanwhile, the Minister of Education, Malam Adamu Adamu, who unveiled the TETFund-sponsored textbooks in Abuja, said that the publications will end the dominance of foreign academic materials in the nation’s educational institutions. ASUU’s President, Comrade Emmanuel Osodeke, described TETFund as a brainchild of the union. Osodeke is attending public functions recently because of the looming face-off which the union is likely to have with the Federal Government. He commended ASUU for transforming the country’s higher education sub-sector and called for an increase in Education Tax to 10 percent to enable TETFund to improve its intervention in the sub-sector. He criticized the poor attitude of some big companies and wealthy Nigerians on the payment of Education Tax. He said that there was a need to reposition and expand Education Taxes net to gather more resources for tertiary institutions.

Production of indigenous books will not ensure the availability.

The Minister of Education, Adamu Adamu, said that Nigeria’s tertiary institutions became dependent on foreign books with the attendant consequences of the Herculean processes and unfavorable exchange rates. He said it was equally worrisome that the quality of most academic publications in Nigeria leaves much to be desired. Therefore, he noted that it is expected that nourishing the culture of quality authorship and the production of indigenous books will not only ensure the availability of relevant books in diverse fields taking cognizance of our local environment and worldview but also safeguard Nigeria’s national pride and reduce demand for foreign exchange.

Adamu commended TETFund for the publications and challenged the agency and its authors to also produce books in the nation’s indigenous languages. He said that going beyond publishing in the English language to promote authorship in our local languages is in line with the recently approved National Language Policy. The Executive Secretary of TETFund, Sonny Ochono, commended the authors, TETFund’s Technical Advisory Group (TAG) and others for the publication of the 50 new textbooks.

Initial editions of newly published books will be distributed to libraries.

He said that TETFund has set a minimum target of 50 textbooks per year. He said he is confident that the TAG will surpass everyone’s expectations. The TETFund head also assured everyone that the initial edition of newly published books will be distributed to the libraries of our tertiary institutions free of charge. He said that it is the subsequent publications that students and researchers will buy. Ochono said that the Ministry of Education has established an education cloud and tertiary institutions are digitizing their thesis and records. Through that system, he said that the digital copies of these materials can be accessed.


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Admin
1
21 days ago

ASUU demands education tax increase to 10% – The union says this is to enable TETFund mobilize more funds. – Express your point of view.

Member
8
20 days ago

This was accomplished at a public presentation by the Federal Government of 50 new textbooks, which were written by Nigerian authors and supported by TETFund.

Member
8
20 days ago

This would be really helpful. It would be beneficial for the TETFund to raise additional money so that the problems facing the tertiary education subsector may be effectively addressed.

Member
9
20 days ago

ASUU demands education tax increase to 10%. Increasing the education tax is not the problem but using it well is very important

Member
9
20 days ago

One is faced with several issues and education has always been at the forefront the government should listen to ASUU and increase education tax by 10percent.

Member
8
20 days ago

Union leaders say this is necessary so that the Tertiary Education Trust Fund can get more money to fix problems in the postsecondary education system.

Member
9
20 days ago

Seriously, Nigeria education system need urgent intervention through tax and any other means that can boost the system so that it can match up with the international standard across the globe and the major way is to increase tax

Member
8
20 days ago

50 new textbooks written by Nigerian writers and funded by TETFund were unveiled to the public at this event hosted by the Federal Government.

Member
8
20 days ago

In the past two years, President Buhari has taken two courageous actions, which have resulted in opposition from a variety of diverse industries.

Member
8
20 days ago

The president raised the education tax in the most recent finance bill, notwithstanding the problem of double taxation and the challenging business climate.

Member
8
20 days ago

Well the call for increment in the education tax also has it benefit in one way or the other. I hope it increase the infrastructure in schools combined with TETFund effort.

Member
8
20 days ago

Increase of education tax is to help raise more fund in solve issue they are facing this fund should be using in proper way and what is expected to be done for. The fund is for addressed problem facing the tertiary education

Member
8
20 days ago

This would be of tremendous assistance. It would be to the TETFund’s advantage to generate additional funds in order to enable the tertiary education subsector to more effectively address the challenges that it is now facing.

Member
8
20 days ago

The purpose of the proposed tax increase is to provide additional resources to the educational system so that it can address the challenges it now faces. The money will be used to fix the issues plaguing higher education.

Member
8
20 days ago

The argument in favor of an increase in the tax on educational expenses is, of course, beneficial in some way or another. I have high hopes that it will, in conjunction with the efforts of TETFund, strengthen the infrastructure in schools.

Member
8
20 days ago

Despite the fact that there is an issue with double taxation and that the current economic climate is difficult for businesses, the president increased the tax on education in the most recent finance law.

Member
8
19 days ago

I am in total support of what ASUU is saying that education tax should be increase to 10% this will enable TETFund to receive more fund to construct more infrastructures in tertiary institutions.

Abusi
Member
8
19 days ago

The tax increase on education will help increase productivity of our education sector. We need more investments from the government and private organizations in the educational sector.

Member
8
19 days ago

The argument in favor of an increase in the tax on educational expenses is, in some form or another, beneficial. I have high hopes that it will, in conjunction with the efforts of TETFund, strengthen the infrastructure in schools.

Member
8
19 days ago

An education cloud has been formed by the Ministry of Education, and tertiary institutions are in the process of digitizing their theses and records. By means of such a mechanism

Member
8
19 days ago

Increase of education tax is to help raise more fund in solve issue they are facing this fund should be using in proper way and what is expected to be done for. The fund is for addressed problem facing the tertiary education.

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