THE EDUCATION TAX FUND (AMENDMENT) ACT, 2003 – Repealed

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LAWS OF THE FEDERATION OF NIGERIA

THE EDUCATION TAX FUND (AMENDMENT) ACT, 2003

[REPEALED BY THE TERTIARY EDUCATION TRUST FUND (ESTABLISHMENT, ETC.) ACT]

EXPLANATORY MEMORANDUM

This Act [which has been repealed by the Tertiary Education Trust Fund (Establishment, Etc.) further amended the Education Tax Fund Act No. 40 1998 by clearly specifying and widening the scope of the membership of the Board of Trustees of the Education Tax Fund. It also provides for a more effective compliance with the principle of Federal Character.

ARRANGEMENT OF SECTIONS

1. Amendment of No. 40 1998
2. Amendment of section 4
3. Citation.

THE EDUCATION TAX FUND (AMENDMENT) ACT 2OO3 ACT No.17

AN ACT TO FURTHER AMEND THE EDUCATION TAX FUND (AMENDMENT)ACT,1998 AND FOR RELATEDMATTERS

[19th June. 2003]      Commencement.

ENACTED by the National Assembly of the Federal Republic of Nigeria-

1. The Education Tax Fund Act, 1993 (in this Act referred to as “the Principal Act”), as amended, is further amended as set out in this Act.

2. Section 4 (I) of the Principal Act is substituted for the following new

subsection-

“4. -( 1)     There is established for the management of the Fund an Education Trust Fund Board of Trustees (in this Act referred to as “the Board of Trustees”) which shall consist of-

(a)    a chairman;

(b)    six persons each representing the six geo-political zones of the country ;

(c)    the Accountant-General of the Federation;

(d)    a representative of-

(i)     the Minister of Education,

(ii)    the Vice-Chancellors ofthe Nigerian Universities,

(iii)    Rectors of the Polytechnics in Nigeria,

(iv)    Provosts ‘of the Colleges of Education in Nigeria,

(v)    the National Chamber of Commerce, Industry, Mines and Agriculture (NCCIMA),

(vi)    the Manufacturers Association of Nigeria (MAN),

(vii)   the Academic Staff Union of Universities (ASUU),

(viii) the Academic Staff Union of Polytechnics (ASUP),

(ix)   the Colleges of Education Academic Staff Union (COEASU),

(x)    the National Union of Teachers (NUT),

(xi)   the Association of Nigerian Principals of Secondary Schools (ANCOPS), and

(xii)   the Executive Secretary of the Fund who shall serve as the Secretary”.

3. This Act may be cited as the Education Tax Fund (Amendment) “Act, 2003.