The Tertiary Education Trust Fund (TETFUND) was established by an Act of the National Assembly in June 2011. The Fund was set up to administer and disburse education tax collections to the Federal and State tertiary educational institutions in Nigeria with Federal College of Education Abeokuta inclusive. Beneficiaries of the Fund are required to apply the money for the underlisted: a) Provision of essential physical infrastructure for teaching and learning b) Provision of Instructional materials and equipment c) Research, Book Development and Publication (Journals, et al) d) Academic Staff Training and Development e) Any other need, which in the opinion of the Board of Trustees is critical and essential for the improvement of quality and maintenance of standards in the educational institutions.
TETFUND in the Directorate of Academic Planning Office
The TETFund organ of the Directorate is saddled with the responsibilities of handling all Tetfund requests from Academic Staff as it relates to i) Academic Staff Training and Development (AST&D) ii) Research Projects iii) Conferences iv) Book Developments and Academic Research Journals and v) Teaching Practice.
Updates on TETFund activities in the Directorate of Academic Planning Office
Conferences: in the last four years about 245 candidates have applied both for local and International conferences out of which 98 were approved by the Fund.
Academic Staff Training and Development (AST&D): in the last four years, a total of 162 eligible Academic Staff that have met the conditions specified in the Revised.