Tertiary Education Trust Fund (TETFUND)

This is the profile page of Tertiary Education Trust Fund on Manpower Nigeria. This page contains the email, contact phone number, address, website and other contact information of Tertiary Education Trust Fund.

Tertiary Education Trust Fund (TETFund) was established as an intervention agency under the TETFund ACT - Tertiary Education Trust Fund(Establishment, etc) Act, 2011; charged with the responsibility for managing, disbursing and monitoring the education tax to public tertiary institutions in Nigeria. To enable the TETFund achieve the above objectives, TETFUND ACT, 2011 imposes a 2 percent (2%) Education Tax on the assessable profit of all registered companies in Nigeria. The Federal Inland Revenue Service (FIRS) is empowered by the Act to assess and collect Education Tax. The Fund administers the tax imposed by the Act and disburses the amount to tertiary educational institutions at Federal and State levels . It also monitors the projects executed with the funds allocated to the beneficiaries.