The TETFund scholarship for the teaching profession, by Rahma Olamide Oladosu

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Rahma Olamide Oladosu

FIRS

Teaching is a very complex activity, a social practice that takes place in a specific context such as time, place, culture, socio-political and economic situation. It is therefore shaped by the values ​​of these specific contexts.

As we grow older, our parents and teachers are usually the first to have a significant impact on our lives. In fact, in younger years, students have complete confidence in their teachers and they listen to them more than their parents.

In other words, a teacher does not just stick to the role of teacher. They adapt to various roles as and when required. They become our friends when we are sad, they take care of us like our parents when we are hurt. Teachers are also of great importance in the life of a parent, as parents expect a lot from teachers for their children.

All of this shows the importance and impact of a teacher in any society and to show sincere gratitude to our teachers for their good work an entire day has been devoted to them, a day we all know as the “World Teachers’ Day” which is celebrated on October 5 each year. The idea of ​​celebrating teachers took root in many countries during the 19th century, in most cases they are celebrating a local educator or a milestone in education.

During the celebration of World Teachers’ Day recently, the federal government announced a proposal to pay the sum of N 75,000 per semester for undergraduates taking courses in public institutions and N 50,000 for those who enroll in a National Certificate in Education (NCE) program.

Education Minister Adamu Adamu revealed at the celebration in Abuja as the federal government reintroduces scholarships, these scholarships would become a policy to be implemented next year.

Adamu further stated that there would be a clause to benefit from the program, as would be the case for students in public institutions and that the beneficiaries would also sign a pledge to serve the government for five years after graduation. .

In order to make the scholarship award policy viable and sustainable, the Registrar and Director General of the Teachers’ Registration Council of Nigeria (TRCN), Prof. Olusegun Ajiboye, further explained that the federal government has linked the payment to the Tertiary Education Trust Fund (TETFund) an existing funding / intervention body for higher education institutions.

The TETFund was originally established as an Education Trust Fund (ETF), before being renamed as a response agency created to provide additional support to all levels of public institutions in Higher Education. Its main objective is to use funding alongside project management for the rehabilitation, restoration and consolidation of higher education in Nigeria.

The main source of income of the intervention agency available to the Fund is the 2% school tax paid on the taxable profits of companies registered in Nigeria. The Federal Inland Revenue Services (FIRS) assesses and collects tax on behalf of the Fund.

The Fund is managed by an eleven-member board of directors whose members come from the six geopolitical areas of the country as well as representatives from the Federal Ministry of Education, the Federal Ministry of Finance and the Federal Tax Services.

Although the board and management of TETFUND have not yet reacted to the proposed new mandates to intervene in the granting of scholarships to students, these beneficiaries should be those who would accept teaching and research work instead. than other professions.

Since teachers have the most important job in the world to impact children in society, they also have the power to change lives, not only for children themselves, but for society as a whole. .

Although teaching in Nigeria has always been considered a “Sufferhead Profession” without the necessary support that forces most people to shun the profession.

Thus, the involvement of TETFund in the disbursement of scholarships would make the scholarship more attractive to many young and skilled Nigerians who would like to enter the teaching profession.

Rahma Olamide Oladosu is a writer for Economic Confidential


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