PRESIDENT Muhammadu Buhari has approved the sum of N161 billion for disbursement as 2018 intervention fund to public tertiary institutions in the country. This is even as the total Education Tax collection for 2018 by the Federal Government stood at 200,793,208.54. He added that detailed breakdown of the allocations would be released after the Fund communicates the allocation letters to the institutions. He, however, explained that the approval of TETFund 2018 intervention guidelines of N161 billion, represents the Education Tax collection for the year 2017. “The growth in the Education Tax collection is a clear confirmation that Nigeria’s economy has recovered from the avoidable recession it was plunged into by the previous administration.

Source: Nigerian Tribune January 04, 2019 17:15 UTC