ASUU Chairman, Osodeke urges Tinubu to device alternative means to fund NELFUND

The Academic Staff Union of Universities (ASUU) president, Professor Emmanuel Victor Osedeke has urged President Bola Tinubu to device an alternative means of funding the Nigerian Education Loan Fund (NELFUND).

He said this In an interview with the newsmen on Thursday, 5th of December, 2024, he advised the government to consider maximising the Value Added Tax (VAT) as a means to fund the ideology of NELFUND, while allowing the Education Act of 1992/93 to stay.

He said:

“Let that Act that was initiated in 1992/93, that has transformed all Nigerian universities allow it to stay.

“Go and look for ways. If you want to fund NELFUND,go and look for ways to fund it , don’t go and take from the one that has already been there to fund it.

“And like I said, when Ghana came to Nigeria and looked at what we were doing,they went back and said, we won’t take it from tax, let’s take it from VAT.

“VAT is for all Nigerians,State, federal and local government,let federal government say, we want to fund NELFUND from VAT, let them take one or percent from VAT and use it to fund NELFUND, that way everybody would have contributed , state, federal, local.

“If you take one or two percent of VAT that you see today to fund NELFUND, you would have solved that problem.” [CONTINUE READING HERE]>>>>>