Mr Echono will take over from the incumbent, Suleiman Bogoro, whose five-year tenure ends on March 18.
President Muhammadu Buhari has accredited the appointment of the instant previous everlasting secretary, federal ministry of schooling, Sunday Echono, as the chief secretary of the Tertiary Schooling Belief Fund (TETFund).
Mr Echono’s appointment is contained in an announcement issued by the ministry on Friday and signed by its director of press, Ben Goong.
He’ll take over from the incumbent govt secretary, Suleiman Bogoro, a professor of Animal Science, whose five-year tenure ends on March 18.
The assertion by the ministry reads partly; “President Muhamadu Buhari has accredited the appointment of Arc Sunday S.T. Echono as the brand new Govt Secretary of the Tertiary Schooling Belief Fund (TETFUND).
“He takes over from Prof. Sulaiman Elias Bogoro whose 5 12 months tenure will finish on 18th March 2022. Described as an achieved technocrat, Arc Echono brings to the job, numerous wealth of expertise spanning Infrastructure, enterprise administration, procurement administration, ICT and the schooling sectors.”
The TETFund boss designate is the president of the Nigeria Institute of Architects, a physique {of professional} architects based with the goal of regulating the conduct of its members and making certain decency within the development enterprise within the nation.
TETfund
The Tertiary Schooling Belief Fund (TETFund) is an offshoot of the Schooling Belief Fund (ETF), which was established in 1998 as an intervention company for academic establishments within the nation.
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TETFund got here with the repeal of the ETF regulation in 2011 with the TETFund Act (2011) as “an intervention company set as much as present supplementary help to all degree of public tertiary establishments with the primary goal of utilizing funding alongside challenge administration for the rehabilitation, restoration and consolidation of Tertiary Schooling in Nigeria.”
TETFUnd derives its revenue from the 2 per cent schooling tax paid from the assessable revenue of corporations which might be registered in Nigeria.
The taxes which might be collected by the Federal Inland Income Companies (FIRS) are remitted to the company for the fulfilment of its mandate.
“The funds are disbursed for the overall enchancment of schooling in federal and state tertiary schooling particularly for the supply or upkeep of important bodily infrastructure for educating and studying; institutional materials and gear; analysis and publications, educational employees coaching and growth,” amongst different roles as could also be deemed essential by the board of trustees.
Qosim Suleiman is a reporter at PREMIUM TIMES in partnership with Report for the World, which matches native newsrooms with proficient rising journalists to report on under-covered points across the globe.”
