Tetfund

Last Updated on Monday, 24 August 2015

What is the TETFund? 

Tertiary Education Trust Fund (TETFund) was established as an intervention agency under the TETFund ACT - Tertiary Education Trust Fund(Establishment, etc) Act, 2011. The organization is responsible for managing, disbursing and monitoring the education tax to public tertiary institutions in Nigeria.

What is TETFund used for? 

The mandate of the Fund as provided in Section 7(1)(a) to (e) of the TETFUND ACT, 2011 is to administer and disburse the amount in the Fund to Federal and State tertiary educational institutions, specifically for the provision and maintenance of the following:

  • Essential physical infrastructure for teaching and learning
  • Instructional material and equipment
  • Research and publication
  • Academic staff training and development
  • Any other need which, in the opinion of the Board of Trustees, is critical and essential for the improvement of quality and maintenance of standards in the higher educational institutions.

TETFund ensures that funds generated from education tax are utilized to improve the quality of education in Nigeria without direct contract awarding by:

  • Providing funding for educational facilities and infrastructural development
  • Promoting creative and innovative approaches to educational learning and services
  • Stimulating, supporting and enhancing improvement activities in educational foundation areas like Teacher Education, Teaching Practice, Library Development, etc.
  • Championing new literacy-enhancing areas such as scientific, information and technology literacy. 
     
      

How do I apply for TETFund funding?

Please visit the official TETFund web portal for additional information on applying for funding.