One of the contentious issues in the Nigeria Tax Bill 2024 — the proposed discontinuation of direct funding to TETFUND, NITDA, and NASENI by the year 2030 — has now been resolved in the newly signed Nigeria Tax Act 2025.

This was disclosed in a statement by a Fellow of the Institute of Chartered Accountants of Nigeria (ICAN) and an Associate of the Chartered Institute of Taxation of Nigeria (CITN), Ado Mohammed Abubakar,  as obtained by SolaceBase on Sunday.

The statement detailed how the new Act provides a revised structure for the sharing of the development levy among key national institutions, with implementation scheduled to begin on January 1, 2026.

According to the document, the Tertiary Education Trust Fund (TETFUND) will receive 50 percent of the levy, while the Nigeria Education Loan Fund (NELFUND) will get 15 percent.

Read Also: TETFund stops support for institutions with less than 2,000 students

SolaceBase reports that the Nigeria Information Technology Development Fund (NITDA) and the National Agency for Science and Engineering Infrastructure (NASENI) will each receive 8 percent.

The National Board for Technological Incubation (NBTI) is allocated 4 percent, the Defence and Security Infrastructure Fund (DSIF) 10 percent, and the National Cybersecurity Fund (NCF) 5 percent.

The 10 percent allocation to the DSIF will be further distributed among key security agencies.

The Defence Headquarters will receive 8 percent, the Nigerian Army 20 percent, the Nigerian Navy 12.5 percent, and the Nigerian Airforce 12.5 percent.

The Office of the National Security Adviser (ONSA), through the Counter-Terrorism Centre, is to get 6 percent.

Additionally, the Nigeria Police Force will receive 10 percent, the Police Trust Fund 8 percent, and the Department of State Services (DSS) 9 percent.

The Nigeria Security and Civil Defence Corps is allocated 5 percent, the Nigerian Forest Security Service 5 percent, while the Defence Intelligence Agency will receive 4 percent.

According to the statement, the newly signed law is expected to ensure a more strategic and sustainable allocation of national development and security resources through a broader and more accountable distribution mechanism.