TETFund to Receive 50% Development Levy
The newly signed Nigeria Tax Act 2025 has clarified that the Tertiary Education Trust Fund (TETFund) will now receive 50 per cent of the development levy allocated for national institutions. In the same vein, the Nigeria Education Loan Fund (NELFUND) will receive 15 per cent. This was disclosed in a statement by Ado Mohammed Abubakar,