VC Laments Tax Burden on Private Universities – THISDAYLIVE


James Sowole in Abeokuta

The Vice Chancellor of Chrisland University, Abeokuta, Prof. Chinedum Babalola, yesterday lamented that private universities in the country were not benefitting anything from government apart from licencing and regulatory role that the government was playing.

Chinedum said rather than benefitting from government’s intervention in terms of structure and facilities, private universities were groaning under heavy tax burden.

The vice Chancellor, stated this at a news conference on the Fourth Convocation Ceremony of the university, holding from Monday, November 7 to Wednesday, November 9, 2022.

She said private universities would be better if the Federal Government’s intervention projects like Tertiary Education Trust Fund (TETFUND) are extended to them.

“We are actually being taxed like profit making organisations. We are now proposing that private universities in Nigeria should be treated like charity organisations and…

Source: Thisday Newspaper