President Tinubu appoints Aminu Masari to chair TETFund board

President Tinubu appoints Aminu Masari to chair TETFund board

By Fly Cable News

President Bola Tinubu has appointed former Katsina Governor Aminu Masari as the chairman of the newly constituted board of the Tertiary Education Trust Fund (TETFund).

Ajuri Ngelale, the president’s special adviser on media and publicity, announced that Masari will lead a seven-member board.

The board members include:
Sani Danladi, former senator representing Taraba North
Sunday Adepoju, former postmaster general of the Nigeria Postal Service (NIPOST)
Turaki Ibrahim, former governor of Jigawa State
Nurudeen Adeyemi
Esther Onyinyechukwu Ukachukwu
Aboh Eduyok
Established in 2011, TETFund is responsible for monitoring the disbursement of education tax to government-owned tertiary institutions in Nigeria. It provides additional support in the form of funds for research, staff training, and infrastructure, among other initiatives.

The fund’s primary source of revenue is a three percent education tax collected on the assessable profit of businesses registered in Nigeria. This tax is collected on behalf of TETFund by the Federal Inland Revenue Service (FIRS).

A board of trustees representing the nation’s six geopolitical zones oversees TETFund. The board also includes representatives from the FIRS, the Ministry of Finance, and the Ministry of Education.