Nigeria Generates N3.1Trillion Education Tax In Five Years Yet Universities, Polytechnics, Colleges Protest Neglect
Amid controversies over funding in Nigeria’s education sector, a SaharaReporters review of the Tertiary Education Trust Fund (TETFund) annual report has revealed that a total sum of N3.1 trillion was generated between 2020 and 2024 as education tax. The education tax is an allowable deduction in “computing the assessable profits of companies engaged in petroleum […]