2023: Senate Seeks 3% Hike in Companies Tax Remittance to Boost Research – THISDAYLIVE

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2023: Senate Seeks 3% Hike in Companies Tax Remittance to Boost Research Kuni Tyessi in Abuja The Senate Committee on Tertiary Institutions and Tertiary Education Trust Fund (TETFund) has advocated an increase in tertiary

The Senate Committee on Tertiary Institutions and Tertiary Education Trust Fund has advocated an increase in tertiary institutions’ tax from 2.5 per cent to three per cent to improve research and development in the country.

Describing the Executive Secretary of TETFund, Sonny Echono, as a performer extraordinary, the delegation led by its chairman, Ahmed Baba Kaita, expressed hope that Echono would replicate the same vision and mission of transforming the education sector he had while he was serving as the Permanent Secretary of the ministry in TETFund.

Also, while expressing his satisfaction over the reforms and excellent performance of TETFund for the year under review, the chairman of the committee used the opportunity to appeal to the Fund to incorporate the Mathematical Centre in its interventions, saying that no country can thrive in the area of research, science, technology, and innovation without embracing Mathematics.

 

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