EFFECT OF EDUCATION TAX REVENUE ON THE DEVELOPMENT OF TERTIARY
EDUCATION IN NIGERIA

Amauwa, Basil Chinaemerem , Ihendinihu, John U. Ihendinihu 4 and Ekwe, C. Michael 5

Abstract
Taxation is an essential part of a country’s investment and growth plan. And also the most important source of revenue for modern governments. This paper examines the effect of education tax revenue on the development of tertiary education in Nigeria with a focus on Tertiary Education Trust Fund (TETFund). The study used the econometric technique of Ordinary Least Square (OLS) for the hypothesis testing. The results showed that Education tax revenue has a significant effect on the numbers of library development, laboratory interventions and Physical Infrastructure in tertiary institution in Nigeria. The study concluded that Education tax revenue is a saving grace to the Nigerian tertiary Institutions, though much needs to be done. And recommended that there should be an increase in education tax rate as to increase the fund for development of tertiary institutions in Nigeria. Also, there should be regular audit of Tertiary Education Trust Fund (TETFund) projects, as what is on paper is more than what is on ground.
Keywords: Education tax revenue, Tertiary Education Trust Fund (TETFund), Tertiary Institutions

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