Education Tax: Experts Fault ASUU’s Proposal

Punch Newspaper

Tax experts have faulted the Academic Staff Union of Universities’ proposed increase in the Tertiary Education Tax from three per cent to 10 per cent tax. According to them, toeing this path would hurt private firms which were already overburdened with taxes.

The ASUU President, Prof Emmanuel Osedeke, recently proposed an increase in the education tax from three to 10 per cent to fund infrastructure in Nigeria’s universities.

“In 1992 when we had a disagreement with the government, the government said we should look for other ways of getting funding. That was how TETfund came. This time around, the government is saying there is no money to fund it and it is talking about using tuition to raise money. How will a man earning N30,000 be able to afford it? Why not take 10 per cent of big companies and inject into the education system so that you have a better and free country?” Osedeke had said in an Arise TV interview monitored by The PUNCH.