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The Impact of Education Tax Fund in Tertiary Institutions in Nigeria A Case Study of Alvan Ikoku Federal College of Education Owerri

The Impact of Education Tax Fund in Tertiary Institutions in Nigeria

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Reference ID: PS-122-TM


This research work titled "The Impact of Education Tax Fund in Tertiary Institutions in Nigeria (A Case Study of Alvan Ikoku Federal College of Education, Owerri)" is dedicated to God for his enabling grace and to all computer enthusiasts who help to make life a pleasant experience.



I owe my indebtedness to my Supervisor (Name of your Supervisor), the Head of Department (Name of your HOD), the Lecturers in the department of Accountancy / Accounting, Book Authors and Profound Scholars of existing/related research work for your moral support that facilitated the successful completion of my (Tertiary Institution level). I am grateful to God Almighty and my parent for their financial support in my career. I really appreciate you all for everything, Thank you very much.


The Impact of Education Tax Fund in Tertiary Institutions in Nigeria (A Case Study of Alvan Ikoku Federal College of Education, Owerri)



1.0 Introduction
1.1 Background of the study
1.2 Statement of the problem
1.3 Objective of the study
1.4 Research Questions
1.5 Significance of study
1.6 Scope of the study
1.7 Limitation of the study
1.8 Definition of terms
2.0 Literature Review
2.1 Precursors of Education Tax Degree
2.2 The nature of Education Tax Fund
2.3 Objective of Education Tax Fund
2.4 The Structure and Management of the Fund
2.5 Problem of Education Tax Fund
2.6 Effects of Education Tax Fund
3.0 Research Methodology and Design
3.1 Introduction
3.2 Research Design
3.3 Sources of Data / Method of data
3.4 Population of the study / Sample sizes
3.5 Sampling Technique
3.6 Validity of instrument
3.7 Method of data analysis
4.0 Presentation and Analysis of data
4.1 Introduction
4.2 Presentation of data
4.3 Analysis of data
4.4 Interpretation of results
5.0 Summary of findings, Conclusion and Recommendations
5.1 Introduction
5.2 Summary of findings
5.3 Conclusions
5.4 Recommendations



This study is primarily concerned with finding out the impact of Education Tax Fund (ETF) in tertiary institutions in Nigeria. In the course of this study three research questions were mapped out to guide the researchers and related literatures were also reviewed in this study.
The research design was descriptive survey method and the population comprises of all the students, lecturers and management of staff of Alvan Ikoku Federal College of Education Owerri, Imo State. The sampling techniques used was simple size of 200 and purposive sampling techniques for lecturers and management staff with a sample size of 10. the data generally was analyzed with simple percentage and the result showed that education Tax Fund has not really impacted much on our Tertiary institutions as they still have a lot of work to do on meeting its statutory obligations, sound internal control system and consideration of students opinion before approving any school project.
Based on the findings, the following recommendations were made, that the sharing ratio of fund by education Tax Fund (ETF) should be according to the number of students admitted per session and the accounts of education Tax Fund (ETF) should be Audited twice a year, independent corrupt practices commission (ICPC) should always investigate corrupt activities in Education Tax Fund (ETF), and Accounts of Stewardship of members of board of trustees should presented to the floor of National Assembly once a year. Finally, there should be penalty for companies that fail to pay the two percent (2%) Education tax.


The Impact of Education Tax Fund in Tertiary Institutions in Nigeria (A Case Study of Alvan Ikoku Federal College of Education, Owerri)


1.0 Introduction
1.1 Background Of The Study
Funding of Education cannot be discussed without the knowledge of Education itself. Therefore Education has been defined by various scholars:
According to Uche (1984:86), “Education is the process of training and developing the mental, potential, physical knowledge, skills and character of individuals by formal and informal schooling”.
In my own view, Education can be defined as a tool, which enables an individual to live efficiently and effectively for him and the society at large. The Nigerian Education system comprises of 6-3-3-4 that is the six years in primary school and three years for the junior level of the secondary school, three years in the senior secondary and fours years in the tertiary institution (Depending on the course of study).
The tertiary institution plays a significant role in the domain of manpower development. According to the National policy on Education (1981:5-38), tertiary institutions “are those institutions that cover the post secondary section of our National Education system, which is given in Universities, Polytechnics and Colleges of education, the advanced teacher training college, correspondent colleges and institutions as my be allied to them”.
Over the yeas, the tertiary institution has suffered due to poor funding, according to Ozurumba (1998:106) “The best Education could be easily aborted if not supported by adequate funds”. Inadequate funding has been the contaminating problem in Nigeria.
To this end, testing institutions need finance to carry out research in Medicine, Engineering, Education etc. training and retraining of lecturers, acquiring of facilities and other amenities that can improve student potentials to the overall achievements of the aims and objectives of higher education in Nigeria.
In Nigeria Education history, between 1932 and 1962, there were only five higher institutions viz:university of Nigeria Nsukka, University of Ibadan, Ahmadu Bello University, Yaba Higher College and University of Lagos. Funding of these institutions was not problem because our country's economy was one of the strongest amongst the third world countries.
Compared to the country's population of 55.65 million in 1963, the number of undergraduates were about 8,800, that is to say the country had very few undergraduates. Hence, as a result of this there were job opportunities for graduates, there came to be increased demand for higher education.
Uche (1984:134) said that “Over sixty tertiary institutions were established nationwide between 1970 and 1982. the funding of this higher institutions rested squarely on the government. Based on this, it could be observed that the funding of these institutions was principally shouldered by the government.
In support of this, Amadi (1998:47) pointed out that, “during the oil boom the period of large profit in the petroleum oil section, Nigeria was economically viable and there was boom in the financing of Education. Many Nigerians received scholarships and bursary awards to enable them to be trained in various fields of education. New programmes and specialized areas were introduced and facilities for teaching and learning provided.
The period of oil boom of 1980 was characterized by rapid disbursement of fund to institutions of higher learning as and when due, provision of money for research, oversea scholarship, training and retraining of lecturers, infrastructure, apparatus for our laboratories etc.
However, like a flash in the pan, the era of oil boom set in. uche (1984:135) said “By April 1982, Nigeria suffered from oil glut”. From 1982 to 1989 there was a dramatic nose-diving of the price of our major source of foreign exchange earner (oil). The colossal burden of financing the tertiary institutions became apparently uneasy and extremely unbearable.
To alleviate this gigantic burden, president Ibraham Babangida promulgated the Education Tax Decree No. 7 on 1st January 1993. According to Odicha (1993:20) “this decree finally impose education tax of two percent (2%) on all the profits declared by companies registered in Nigeria and established on Education Fund into which the tax collected shall be paid.
It is in the light of this, that this study has been designed to investigate the impact of education tax fund on tertiary institutions, particularly Alvan Ikoku Federal College of Education Owerri.(A.I.F.E).

1.2 Statement Of The Problem
Ten years after the introduction of Education Tax
Decree and its subsequent implementation, has sceneries in our tertiary institutions that prompted it really changed?
We have observed that prior to the enactment of Education Tax Decree, our tertiary institutions were afflicted with such difficulties as decayed facilities, congested classrooms and hostels, obsolete textbooks in our libraries etc. do these problems still persist in Alvan Ikoku Federal college of Education? If they still exist, there are questions to be answered on how education tax fund has impacted on Alvan Ikoku Federal College of Education.
Could it be that these problems are still there because of some abnormalities in the disbursement of funds? Or could it be that the authority charged with the management of the fund are callous and corrupt?
Assuming that the above questions points to the root of the matter, how can they really be remedied? Hence the need to investigate the impact of Education Tax Fund in tertiary institutions in necessary.

1.3 Objectives Of The Study
The objectives of engaging in this study are:
  1. To ascertain the problems impending the disbursement of funds.
  2. To identify the benefits of Education Tax Fund in Alvan Ikoku Federal College of Education Owerri.
  3. To suggest solutions to these problems in order to enhance effective Education in Alvan Ikoku Federal College of Education Owerri.

1.4 Research Questions
The following questions are posed for the purpose of this study.
  1. What are the problems facing the disbursement of fund in Alvan Ikoku Federal College of Edcuation?
  2. How beneficial has education tax fund been to Alvan Ikoku Federal College of Education?
  3. What are the possible solutions to these problems encountered in proper implementation of education tax fund?

1.5 Significance Of Study
This study will be of great significance to the following:
Students, lecturers, school authority etc.
In regard to students, a conducive learning environment will aid effective assimilation and learning.
There will be provision of conducive offices, instructional materials and textbooks for effective teaching and learning process.
The School:
It will help the school to have good recommendation from outside by different institution, researchers, resources personnel etc.
It will also help to produce good, competent, qualified graduates to fit into different areas where they are needed in government parastatals and the society at large. The findings will enable the society to know the various problems militating against disbursement of the Education Tax Fund since its inception.

1.6 Scope Of The Study
This is focused on the impact of Education Tax Fund in Alvan Ikoku Federal College of Education Owerri, Imo State.

1.7 Limitation Of The Study
In execution of this project, the researcher encountered certain problems.
The researcher had problem of administering the questionnaire to the management staff due to their complain of time and stress. The researcher had to explain the reason for the project work to the students and its urgency before they could fill the questionnaire.

1.8 Definition Of Terms
According to Oxford Advanced Learners Dictionary, Ample can be define as a situation where something is in large quantity, plenty or enough, according to as it was used in this chapter it means enough work opportunity or plenty job vacancies.
According to Chambers dictionary can be defined as the process of bringing something to an end suddenly or unexpectedly.
Can be defined as a very large something as it is used in this work it means a very large or big problem or burden.
This can be defined as the processing of making something widely known.
This can be defined as anything that is outdated or something that is no longer in use.
This can be defined as the process of releasing money or distributing money to different departments of an organization.
Oil Boom:
The phrase oil boom can be defined as the period when the exportation of petroleum products were at its pick or at its highest level.
This can be defined as the stated at which a place is said to be very crowded or a situation were there is a very large population in a very small place.


2.0 Literature Review

2.1 Introduction

This chapter focuses on the review of related literature. A literature review includes the current knowledge as well as theoretical and methodological contributions to a particular topic. It documents the state of the art with respect to the topic you are writing. It surveys the literature in the topic selected. In this research work the literature review includes the …

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