CHAPTER
ONE
INTRODUCTION
1.1
Background To The Study
The
Tertiary Education Trust Fund (TETFund) was founded under the Education Tax
Act No. 7 of 1993 as an intervention agency. However the Tertiary Education
Trust Fund (Establishment, Etc.) Act, 2011 was used to replace the Education
Tax Act Cap. E4, laws of the Federation of Nigeria, 2004and Education Tax Fund
Act No. 17, 2003 which consequently led to the establishment of the Tertiary Education Trust Fund
vested with the obligation of
disbursing, managing and monitoring the education tax to public tertiary
institutions in Nigeria. Consequently to facilitate the attainment of the
stated objective of TETFUND, the TETFund Act, 2011 subjects a 2 percent (2%)
Education Tax on all declared profit of registered companies in Nigeria.
Consequently the Federal Inland Revenue Service (FIRS) was vested with the
responsibility by the Act to collect
Education TAX. Journal
of Sustainable Development (2014). The fund is then disbursed to tertiary
educational institutions in Nigeria. TETFUND also evaluates and monitors the
projects implemented by beneficiary institutions. The disbursement of the fund
is mandated as provided in section 7 (1) (a) to (e) of the TETFund Act, 2011
which stipulates that TETFUND shall administer and disburse the amount in the
fund to Federal and State tertiary educational institutions. The fund so
disbursed is for the provision and maintenance of physical infrastructure;
Academic Staff Training and Development, Research and publication;
Instructional material and equipment; and other critical area of need which is
considered by the opinion of the Board of Trustees as significant for the
improvement and sustenance of educational standard in tertiary institution.
(tetfund.gov.ng, 2014). This therefore imply that the cardinal objective of
TETFUND was to provide additional funding to facilitate scholarship and grants
to meet the educational need of tertiary institutions in Nigeria as well as
ensure that those resources improves the productivity and quality of tertiary
Education. The research therefore seek to investigate the impact of TETFUND
In
the provision of infrastructure in Gombe state university
.
1.2 Statement of the Problem
The recent wave of security
challenges in northern Nigeria poses great question as to the state of
educational infrastructure and as well as the ability of TETFUND to carry out
its constitutional role of implementing intervention projects in tertiary institutions
in gombe state. It has also been noted that the process of accessing funds from
TETFund is quite complicated thereby leading to delayed approval of funds for
intervention projects. Also Section 7 (1) of the TETFund
(Establishment, ETC) Act of 2011 provides for the disbursement of funds for
projects outside the provision of infrastructure, instructional materials,
research, publication, and academic staff training but its vested at the
discretion of the board of trustees which makes it rather difficult and
sometimes impossible. Other challenges faced by tertiary institutions lies with
the maintenance of infrastructure which is given little attention by TETFUND.
TETFund focuses more on the provision at the expense of given attention to the
“maintenance. Of those facility. Consequently many projects which require
TETFUND maintenance intervention are being neglected in many tertiary
institutions. Revelations are that this is actually the real state of many of
the physical infrastructure funded by TETFund in many institutions.
Consequently the problem confronting the research is to appraise The impact of
tetfund in the provision of infrastructure in gombe state university.
1.3 Objectives of the Study
To determine the statutory role and
objective of TETFUND
To determine the impact of TETFUND in
the provision of infrastructure in Gombe state university.
1.4 Research Questions
What if the statutory role and
objective of TETFUND
What is the level of impact of
TETFUND in the provision of infrastructure in Gombe state university?
1.5 Significance of the Study
The study is
particularly significant in view of the challenges of adequate infrastructure
in Nigeria’s tertiary institution. It is believed that the study shall address
problem areas of need that require urgent funding and intervention
1.6 Research Hypothesis
Ho The impact of TETFUND in the
provision of infrastructure in Gombe state university if low
Hi
The impact of TETFUND in the provision of infrastructure in Gombe state
university if high
1.7 Scope of the Study
The study focuses on the appraisal of
the impact of TETFUND in the provision of infrastructure in Gombe state
university
1.8 Limitations of the Study
The research was confronted by both
logistics and geographical constraint
1.9 Definition of Terms
The Tertiary Education Trust Fund (TETFund) was founded under
the Education Tax Act No. 7 of 1993 as an intervention agency. However
the Tertiary Education Trust Fund (Establishment, Etc.) Act, 2011 was used to
replace the Education Tax Act Cap. E4, laws of the Federation of Nigeria,
2004and Education Tax Fund Act No. 17, 2003 which consequently led to the
establishment of the Tertiary
Education Trust Fund vested with the obligation of disbursing, managing and monitoring the
education tax to public tertiary institutions in Nigeria.
INFRASTRUCTURE DEFINED
Infrastructure are defined as
those fundamental facilities and systems
which facilitate the workings of the institution and functioning of its economy
such as technical structures as water supply,
sewers,
electrical grids, telecommunications
roads,
bridges,
tunnels,
, and so forth,. Hayes, Brian (2005)
INTERVENTION
DEFINED
The
process of assessment systematic planning employed to mediate or prevent
a social, educational, or developmental breakdown in other to foster development.
REFERENCE
A. Eberhard, "Infrastructure Regulation in Developing
Countries", PPIAF Working Paper No. 4 (2007) World Bank
M. Nicolas J. Firzli and Vincent Bazi, "Infrastructure
Investments in an Age of Austerity : The Pension and Sovereign Funds
Perspective", published jointly in Revue Analyse Financière, Q4 2011
issue, pp. 34–37
Hayes, Brian (2005).
Infrastructure: the book of everything for the industrial landscape (1st Ed.).
New York City
Huler, Scott (2010). On the grid:
a plot of land, an average neighborhood, and the systems that make our world
work. Emmaus, Penn.: Rodale.
Georg Inderst, (2009)"Pension Fund Investment in
Infrastructure", OECD Working Papers on Insurance and Private Pensions,
No. 32
JOURNAL
Journal of Sustainable Development
(2014) Tax Vol. 7, No. 4.
tetfund.gov.ng, (2014)