POLITICS
NEITI, TETFund strengthen ties to enhance tax compliance

The Nigeria Extractive Industries Transparency Initiative (NEITI) and the Tertiary Education Trust Fund (TETFund) have committed to enhancing transparency, tax compliance, and data accessibility to strengthen Nigeria’s education sector.
During a courtesy visit by TETFund’s management to NEITI House in Abuja, Executive Secretaries Dr. Orji Ogbonnaya Orji (NEITI) and Arc. Sonny Echono (TETFund) reaffirmed their collaboration on revenue disclosures, manpower training, and public finance management.
Dr Orji emphasized NEITI’s role in monitoring Education Tax remittances from the oil, gas, and mining sectors, highlighting concerns over compliance and the need for prudent fund utilization.
He pledged continued tracking of tax payments to ensure accurate remittances in line with the Companies Income Tax Act (CITA).
NEITI promised to support TETFund in identifying compliance gaps within the extractive sector and leveraging financial auditing expertise to enhance accountability.
Strengthened cooperation will also facilitate data sharing, research, and capacity-building initiatives to ensure efficient education funding.
Arc. Echono underscored TETFund’s reliance on NEITI’s credible data to optimize revenue generation and infrastructure development in tertiary institutions.
He called for NEITI’s support in training stakeholders on public finance management and enhancing transparency in tax reporting.
Both organisations agreed to launch joint training programs for policymakers, tertiary institutions, and stakeholders on accountability and global best practices.
They also plan to engage academia in analyzing extractive revenue flows and their impact on poverty reduction and sustainability.
A key aspect of their collaboration includes completing the NEITI Data Centre, which will serve as a central repository for extractive industry reports and facilitate data-driven decision-making for national development.
The meeting concluded with a shared commitment to ensuring efficient tax remittance, transparency in fund management, and sustainable financing for Nigeria’s tertiary education system.
Discover more from Naijanewstoday
Subscribe to get the latest posts sent to your email.
-
NEWS5 days ago
FG Cuts Dialysis Cost In Federal Hospitals From ₦50,000 To ₦12,000
-
NEWS4 days ago
Ebonyi Man Plans Lagos-Abakaliki Trek to Honour Gov. Nwifuru’s Peace Efforts
-
POLITICS6 days ago
Peter Obi Tells Nigerians: Get Your PVC, Reject Criminals in Disguise
-
NEWS5 days ago
Ebonyi Coordinator Distributes Motorcycles, Lauds Governor’s Grassroots Development Agenda
-
ENTERTAINMENT6 days ago
Jim Iyke Says Single Mothers Cannot Raise Boys Into “Proper Men”
-
NEWS6 days ago
Lagos State Declares August 20 Work-Free for Public Servants for Isese Day
-
SPORTS6 days ago
Tinubu Arrives in Japan to Boost Bilateral Ties
-
NEWS5 days ago
FCT Minister Denies Awarding N5 Billion Contract to Local Contractors
-
NEWS4 days ago
Wike Says Amaechi’s 2027 Presidential Ambition Is Dead on Arrival
-
NEWS2 days ago
Ebonyi Man Begins Lagos–Abakaliki Trek in Support of Gov Nwifuru’s Peace Efforts in Effium Crisis
-
ENTERTAINMENT5 days ago
VeryDarkMan Leads Protest In Auchi, Blocks Dangote Trucks Over Victims’ Compensation
-
FACT-CHECKS/INVESTIGATION6 days ago
Nigeria Begins Deportation of 192 Foreign Cybercrime Convicts