Nigeria, June 20 -- The Nigeria Extractive Industries Transparency Initiative (NEITI) has disclosed that the Tertiary Education Trust Fund (TETFund) received a total of N1.024 trillion from education tax contributions sourced from the extractive sector over a five-year period.

The Executive Secretary of NEITI, Ogbonnaya Orji, made this known on Monday during the signing of a Memorandum of Understanding (MoU) between NEITI and TETFund in Abuja.

The agreement is aimed at strengthening data sharing, ensuring timely remittances, and improving accountability in the use of public revenue for tertiary education.

According to NEITI's audited industry reports, TETFund received N322.99 billion in 2022, while the figure rose significantly to N571...