Home » Education » AN APPRAISAL OF THE EFFECT OF EDUCATION TRUST FUND ON ACCOUNTING EDUCATION IN NI...
AN APPRAISAL OF THE EFFECT OF EDUCATION TRUST FUND ON ACCOUNTING EDUCATION IN NIGERIA TERTIARY INSTITUTION
Sold By: Joe Project Store | Item Type: Project Material | Report this? | Attributes: 50 pages | 1-5 chapters | Amount: ₦5,000 | Marked useful: 4,780 times
Delivery: Within 24 hoursABSTRACT
This research undertakes afive-year period study of the activities of Education Trust Fund (ETF) upon Nigerian tertiary institutions with the target of revealing how Education Trust Fund has helped in enhancing the educational development of Nigerian Tertiary Institutions under accounting section. Various analytical tools were employed in appraising data generated from the publications of the operations department of the Education Trust Fund and some other Federal Government publications. The research found out that ETF has made significant positive impact towards improving the educational sector in Nigeria by construction of various intervention projects and improving the teaching and learning conditions of both students and lecturers., and that each tertiary institution has its own criteria (subject to TETfund directives) for determining which lecturer becomes a beneficiary. However, the principal officers such as vice chancellors, rectors, provosts and their deputies, the directors of works, librarians etc are not to be included as beneficiaries. The research also revealed that ETF distribution formula nationwide for tertiary institutions were 25%, 12.5% and 12.5% for Universities, Polytechnics and Colleges of Education, respectively while the remaining 50% was distributed to Secondary and Primary Schools. Conclusively, the researcher is of the opinion that the ETF has the potential of alleviating the chronic under-funding of the educational sector and that in future, if properly utilized the fund will continue in no small measure towards revitalizing the educational system in Nigeria.
CHAPTER ONE
1.0 INTRODUCTION
Generally, Tax is a compulsory levy imposed upon taxable persons by the government of any nation. It is one of the major sources of government revenue used in executing the socio-economic activities of the country. There are various forms of taxes collected from individuals and companies by Nigerian government. These tax forms are as established by the notable tax legislations in Nigeria today. These taxes are administered by the authorities of the three tiers of Nigerian government namely: The Federal, State and Local Governments. These various authorities are the Federal Board of Inland Revenue (FBIR), the State Board of Internal Revenue and the Local Government Tax Authority for the Federal, State and Local Government respectively.
Education Tax Fund (ETF) however, was established by Education Tax Act No. 7 of 1993 and amended by Act No. 40 of (22nd Dec.) 1998. The Act imposes tax at the rate of 2% on the assessable profits of all incorporated bodies. The tax applies to all companies registered in Nigeria. These assessable profits of a company shall be ascertained in the manner specified in the companies Income Tax Act or the Petroleum Profits Tax Act as the case may be.
What necessitated the promulgation of this Education Tax Act was the widely recognized decline in Educational standards and the deep rot in infrastructure and other facilities at all levels of the Nigerian educational system.
From the primary to secondary and tertiary levels, it was obvious that there was urgent need for emergency funding to improve educational facilities and infrastructure, restore high morale of teachers, attract and retain qualitative entrants into the profession, encourage professionalism in teaching and improve teacher education curriculum. There was also the need to create an enabling environment for conducive teaching and learning and thus ensure the creation of a disciplined, committed, highly motivated, respected and professional teacher.
Tags: Effect of education trust fund Impact of educational trust fund Relevance of educational trust fund Appraisal of educational trust fund Accounting education in Nigeria Tertiary institution Impact of tertiary education in Nigeria
This material content is developed to serve as a GUIDE for students to conduct academic research
Delivery: Within 24 hours
Advertise Here
Not what you were looking for? Perform a search
What's your project topic?
Comment on Facebook:
Related Project Materials
- 1.
THE EFFECT OF SCAFFOLDING INSTRUCTIONAL STRATERGY ON CHEMISTRY STUDENTS ACADEMIC PERFORMANCE IN SENI...
CHAPTER ONE INTRODUCTION Background of the Study Teaching has been described as one of the human endeavors which require more wisdom, humility, lab...More »
Item Type: Project Material | 54 pages | 1,406 engagements |
- 2.
AN EVALUATION OF THE CREATION AND APPLICATION OF TEACHING MATERIALS IN EARLY CHILDHOOD EDUCATION
AN EVALUATION OF THE CREATION AND APPLICATION OF TEACHING MATERIALS IN EARLY CHILDHOOD EDUCATION CHAPTER ONE INTRODUCTION 1.1 BACKGROUND O...More »
Item Type: Project Material | 54 pages | 1,491 engagements |
- 3.
AN ASSESSMENT OF PSYCHO-SOCIAL FACTORS AS PREDICTORS OF STUDENTS ACADEMIC PERFORMANCE IN ISLAMIC STU...
AN ASSESSMENT OF PSYCHO SOCIAL FACTORS AS PREDICTORS OF STUDENTS ACADEMIC PERFORMANCE IN ISLAMIC STUDIES IN SECONDARY SCHOOLS CHAPTER ONE INTRODUCT...More »
Item Type: Project Material | 54 pages | 1,261 engagements |
- 4.
PARENTS SOCIO-ECONOMIC STATUS AND THE ATTITUDE OF SENIOR SECONDARY SCHOOL STUDENTS TOWARDS LEARNING
PARENTS SOCIO ECONOMIC STATUS AND THE ATTITUDE OF SENIOR SECONDARY SCHOOL STUDENTS TOWARDS LEARNING CHAPTER ONE INTRODUCTION 1.1 Background t...More »
Item Type: Project Material | 54 pages | 1,241 engagements |
- 5.
AN EXAMINATION OF IMPACT OF SCHOOL BUILDING COLLAPSE ON EDUCATION CONTINUITY (CASE STUDY OF SAINT AC...
CHAPTER ONE INTRODUCTION Background of the Study School buildings serve as the physical setting where the educational process takes place, involvin...More »
Item Type: Project Material | 54 pages | 1,286 engagements |
- 6.
EFFECT OF INADEQUATE DIET ON STUDENTS ACADEMIC PERFORMANCE IN SECONDARY SCHOOL IN ATISBO LOCAL GOVER...
CHAPTER ONE INTRODUCTION Background Of The Study According to the EFA Global Monitoring Report (UNESCO 2022), more than a quarter of children in su...More »
Item Type: Project Material | 54 pages | 1,232 engagements |