Read the passage below carefully:
The Tertiary Education Trust Fund (TETFund) was originally established as the Education Tax Fund (ETF) under Act No. 7 of 1993, which was subsequently amended by Act No. 40 of 1998. The primary objective of establishing the fund was to address deteriorating infrastructure and funding deficits in Nigeria's public tertiary institutions. Under the original 1993 mandate, tax revenues collected from registered companies operating within Nigeria were distributed across all tiers of public education, including primary and secondary schools. However, following the enactment of the Tertiary Education Trust Fund Act of 2011, the agency was renamed and its intervention scope was strictly narrowed to benefit public tertiary institutions only.
Statement: Following the enactment of the 2011 Act, the fund's financial coverage was expanded to include primary and secondary public schools.
Answer: Answer