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Nairaland Forum / Nairaland / General / Education / How Can Tertiary Students Benefit From The TETFUND (3609 Views)
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How Can Tertiary Students Benefit From The TETFUND by Zico0(m): 3:48pm On Oct 25, 2014 |
"Tertiary Education Trust Fund (TETFund) was established as an intervention agency under the TETFund ACT - Tertiary Education Trust Fund (Establishment, etc) Act, 2011; charged with the responsibility for managing, disbursing and monitoring the education tax to public tertiary institutions in Nigeria." These moneys, as education tax, are disburse to public tertiary institutions at present. So how can students benefit from the fund their school recieves. Without students public tertiary institutions are not eligible to such a fund. So students have a stake in this. As students, we have to develop a system whereby we have access to stable revenues from the state. Whether we realise it or not we are a brand, as students, and we play a key role in society. This is enough value for a source of revenue. Or is there such a fund that we have access to that i'm not aware? Somebody enlighten me i beg. And i'm not talking about annual bursaries from corporate bodies by way of schorlarships. Anyone? It is for our collective good. Students are the future cognoscenti, schorlars and academicians; we shouldn't have to stay in hunger, and if we want to attain our full potential. Students need to start to apply knowledge. We have to identify loop holes in the education system and exploit them for our sake. We have to open our eyes in one voice and develop an industry for us. I'm going to look into this tetfund some more to see what i can come up with. If you have a better idea, please share |
Re: How Can Tertiary Students Benefit From The TETFUND by Zico0(m): 3:17pm On Oct 26, 2014 |
"To enable the TETFund achieve the above objectives, TETFUND ACT, 2011 imposes a 2 percent (2%) Education Tax on the assessable profit of all registered companies in Nigeria. The Federal Inland Revenue Service (FIRS) is empowered by the Act to assess and collect Education Tax. The Fund administers the tax imposed by the Act and disburses the amount to tertiary educational institutions at Federal and State levels . It also monitors the projects executed with the funds allocated to the beneficiaries. The mandate of the Fund as provided in Section 7(1)(a) to (e) of the TETFUND ACT, 2011 is to administer and disburse the amount in the Fund to Federal and State tertiary educational institutions, specifically for the provision and maintenance of the following: Essential physical infrastructure for teaching and learning Instructional material and equipment Research and publication Academic staff training and development 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 higher educational institutions." |
Re: How Can Tertiary Students Benefit From The TETFUND by Zico0(m): 3:46pm On Oct 26, 2014 |
This TETFUND thing is hard to crack. Looking at the fifth provision it says "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 higher educational institutions." I was thinking is there a way students can constitute or be responsible for a standard, such as the school fund us to manage that good or service. In the worst case scenario, a good could be Goodwill; the school's reputation. An arrangement whereby students are funded not to misbehave. I know it sounds ridiculous in simple words and, therefore and of course, we would have to add complexity; in terms of legality, authority and formality. But basically they'll allocate and apportion us a fraction of the tetfund they recieve so we come to class, recieve lectures, and go home to study in peace; so that education can continue. Think of it. I'll come back and embellish this point further, so that it sounds really meaningful because i believe there is sense in this. |
Re: How Can Tertiary Students Benefit From The TETFUND by Zico0(m): 4:15pm On Oct 26, 2014 |
I'm going to need persons with knowledge on forming associations in accordance with the provisions of the Nigerian constitution. I, myself own a copy of the constitution. I know you all can see this thread. It's going to be around for a long time. It might seem like a joke but everything begins as such. I'm going to need a great deal of assistance from a lot of brilliant and intelligent students. The aim is to come about a stable source of revenue from state. I don't intend to be one of those people that just go through school yet, outside school, they can't effect change or cause a positive impact on society. I know you see this thread and i know it's better than pretending to earn a living from scamming on facebook; as yahoo boys, being chased about by SARS and the Police. I'm going to need people who know what they teach them, who didn't cram knowledge. Lawd! Battery low! |
Re: How Can Tertiary Students Benefit From The TETFUND by Zico0(m): 5:44pm On Oct 27, 2014 |
I was thinking is there a way students can constitute or be responsible for a standard, such as the school fund us to manage that good or service? In the worst case scenario, a good could be Goodwill; the school's reputation. An arrangement whereby students are funded not to misbehave...basically they'll allocate and apportion us a fraction of the tetfund they recieve so we come to class, recieve lectures, and go home to study in peace; so that education can continue. Beforehand, i have some questions and i want us to answer these questions as students; as a body: the student; which are: What will happen if the student refuse to go to school? One thing for certain is education will not continue. The next question, therefore, is what are the consequences if education were to cease? A country that cannot deliver education. What kind of country cannot provide education? Ultimately, we smear the reputation of the state. I know these all sound overboard but with the state of things at present, as we lose order in the country; the system of checks and balance has failed. A public office does as it desires. So i say we take it to the head as the student, not of any university; the student. What are the responsibilities and the goods of the student? We have to hoard that good for our subsistence. What are the responsibilities of the school in regards to the student? What isn't the school doing: we strike from there. Most important, what are the responsibilities of the state in respect of the school and the student. That's our source of revenue. What is the Nigerian law that regulates the school and the student and their single relationship with the state? Where is the student? Come on!! Answer these questions with me. I can't do it all, right, my own. |
Re: How Can Tertiary Students Benefit From The TETFUND by Zico0(m): 7:32pm On Oct 27, 2014 |
What are the responsibilities and the goods of the student? Role of students in society SEPTEMBER 20, 2012 BY PAKISTAN TODAY Society is a group of people who commonly share values, requirements and interests. Student is an important pillar in building and educated society as education is the basis for living in a world community as trade, industry, economic or political. For the prosperity and betterment of a society, the foremost role of student is to gather knowledge and wisdom and must not waste his/her precious time carelessly. He must submit himself to the rules of discipline to build a civilized society. They must realize their roles and duties towards a cultured society. They must develop habits of self-reliance and try not to use unfair means in every aspect. A student can understand and help common people to understand their rights. He is expected to be well informed as well as balanced in his views. He must know that he is prepared to offer his co-operation and services for the well being of the society. As he is conscious of right and wrong, good and bad; he will not follow another man dictates blindly. Student must contribute himself for improvement, judge and act for a civilized society. They may stand for the strength of will, truthfulness, high sense of duty and honor, spirit of service and sacrifice. A student must know his talent and utilize it in a right manner. Material consideration and getting fame should not move him from the right path. |
Re: How Can Tertiary Students Benefit From The TETFUND by Zico0(m): 9:44am On Nov 04, 2014 |
So far, i have realised that students don't understand they are an entity. Think of all the financial investment that parents have made on this brand; student. There is value in our collective studenship. The value that we have is being an entity; a body. But we cannot reap the benefits of studentship unless we organise ourselves. We have to recognise our presence,first; then know our rights and privileges; last, understand our responsibilities and the roles we have to play in society. There is no value outside, in society. If we are going out of school, it is up to us to create opportunities. Students have a notion, that is: they think there is jobs outside waiting. There is no such thing, and, in the end, a fraction of graduates set up internet cafe service, another small fraction start a tutorial service, another fraction open some business, and the least intelligent ones settle for a retail store. In addition, even in those, these graduates cannot understand the value of their individual brands. There is value in studentship, citizenship etc., and their benefits is enough to cater for a people's daily needs. Nobody just drops from the sky. Everybody belongs somewhere. Now a brand have to realise their objective, responsibilities and good; and manage that service(s) for their subsistence. Everyday we scream change, but one person alone cannot start a revolution. We have to begin to realise our social services, align our interests, and, thereby, form an entity. We have to act as a brand, an official social entity, with some social value, structure, and office. And we begin to influence state matters and we will see what government that can take us for granted. They might kill a man but they cannot kill an entity, a company, a body, etc. Now, with the above, i think a person should get on the same page with me. That understanding should get a person to where i'm at. Studentship: i want to work on this as a student. And there are questions: what are the social duties and responsibilities of the student? What are the social services of the student? Note that the student is not a person, it is a body, a social unit; and this unit is part of the Nigerian society-- whether students realise it or not-- and therefore it has responsibilities, it provides some services, and these make up value; all the value that we need for subsistence. Now we have to recognise this brand, give it a presence, structure;complexity and manpower; us, so that it will function. In simple english, i'm trying to translate being a student as work. We make our livelihood from the value that we possess; social services that we render. It is not insanity and i'll need plenty of help. Finally, there is no value in the world; it's in you. |
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