The Tertiary Education Trust Fund, (TETfund), has commended the present management of Federal Inland Revenue Service (FIRS), over increased remittance of education tax to it.
Its Executive Secretary, Prof. Suleiman Bogoro, said this when he led the management team of his organisation in appreciation to FIRS in Abuja.
Bogoro said: “It is good to acknowledge the goose that lay the golden egg as we are very comfortable in this house. Each time we meet in FIRS this is what we tell ourselves. This is because we witnessed the highest jump in the collection of the FIRS collection of two per cent of Education tax fund.”
He added:“The management of TETfund and the Board of the trustee is very excited and we have agreed that I should lead the management team to come and formally expressed our appreciation”.“We are veritable partners in executing our mandate of applying the two per cent education tax which came to be in 1993 but the funds were applied in 1999 to 2010 under ETF. In 2011 it was refocused to the original concept of TETfund replacing ETF and the focus was very direct and that is for public tertiary institution specifically, federal and state universities, polytechnics and colleges od Education”. Read more