What does TETFUND mean in EDUCATIONAL
TETfund, an acronym for Tertiary Education Trust Fund, is a government intervention initiative established by the Tertiary Education Trust Fund (Establishment, etc.) Act of 2011. Its primary objective is to provide financial support to Nigerian public tertiary institutions for the improvement of educational infrastructure, equipment procurement, and academic staff development.
TETfund meaning in Educational in Community
TETfund mostly used in an acronym Educational in Category Community that means Tertiary Education Trust Fund
Shorthand: TETfund,
Full Form: Tertiary Education Trust Fund
For more information of "Tertiary Education Trust Fund", see the section below.
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Meaning of TETfund in COMMUNITY
TETfund plays a crucial role in fostering a conducive learning environment within tertiary institutions across Nigeria. Through its funding, the fund enables these institutions to enhance their teaching and research capabilities, thereby contributing to the overall development of the educational sector in the country.
TETfund Full Form
The full form of TETfund is Tertiary Education Trust Fund.
What does TETfund Stand for
TETfund stands for:
- T: Tertiary
- E: Education
- T: Trust
- F: Fund
Essential Questions and Answers on Tertiary Education Trust Fund in "COMMUNITY»EDUCATIONAL"
What is TETfund?
The Tertiary Education Trust Fund (TETfund) is a Nigerian government agency established by the Tertiary Education Trust Fund (Establishment, etc.) Act of 2011. Its mandate is to provide financial and other support to public tertiary educational institutions in Nigeria.
What are the funding sources of TETfund?
TETfund's funding sources include:
- 2% Education Tax on the assessable profit of all registered companies in Nigeria
- 1% of the Consolidated Revenue Fund of the Federal Government of Nigeria
- Grants and other forms of assistance from local and international organizations
What are the core mandates of TETfund?
TETfund's core mandates include:
- Providing financial support for the development of educational infrastructure in public tertiary institutions
- Supporting research and development in public tertiary institutions
- Providing scholarships and other forms of financial assistance to students in public tertiary institutions
- Promoting academic staff training and development
- Supporting the development of innovation and entrepreneurship in public tertiary institutions
What are the eligibility criteria for institutions to receive TETfund support?
To be eligible for TETfund support, an institution must be:
- A public tertiary educational institution established by law
- Accredited by the National Universities Commission (NUC) or other relevant regulatory body
- Compliant with TETfund's financial and operational guidelines
How does TETfund disburse funds to institutions?
TETfund disburses funds to institutions based on a formula that considers the institution's:
- Size and population
- Academic programs and research activities
- Infrastructure needs
- Capacity for effective utilization of funds
Final Words: TETfund's commitment to the advancement of tertiary education in Nigeria is evident in its continuous support for infrastructural development, staff training, and research endeavors. By investing in these areas, the fund contributes to the production of highly skilled graduates who are equipped to drive economic growth and societal progress in Nigeria.