The Tertiary Education Trust Fund, TETFund, says it has executed no fewer than 10,000 projects in various institutions across the country.
This was disclosed by the Chairman Board of Trustees of TETFund, alhaji Kashim Imam, on Monday in Maiduguri during a TETFund/FIRS Joint Interactive Forum with the theme: “Improving Education Development Tax (EDT) Collection in the Post Pandemic Era”.
According to Kashim, they have done over 30,000 trainings for staff of various tertiary institutions, and various projects are either completed or ongoing like, auditoriums, laboratories, lecture theatres in 226 tertiary institutions across the country.
“Last year alone, we designated 12 universities as centres of excellence and we funded those universities to the tune of N12 billion that is one billion each to fund research.
“We replicated that with six polytechnics and six colleges of education. These are in addition to various other interventions,” Kashim said.
Kashim said the interactive session was designed to put heads together with personnel of Federal Inland Revenue Services (FIRS) who are responsible for the collection of education tax and also an opportunity for the fund to give account of itself.
In his speech, the Chairman of FIRS, Mr Muhammad Nami, who spoke on how the COVID-19 pandemic affected revenue generation affecting TETFund, assured that things have started improving.
Nami who was represented by Mr Kabir Abba, the Director Tax Operating Group, FIRS, spoke on major innovations to improve revenue collection and assured the service support to TETFund to deliver on its mandate.