Fiscal2011Fourth Republic (Jonathan)· Act No. 16, 2011

Tertiary Education Trust Fund (Establishment) Act, 2011

TETFund: 2% (now 3%) education tax on assessable profits of companies.

Standard citation

Tertiary Education Trust Fund (Establishment) Act, 2011 (Act No. 16, 2011), Federal Republic of Nigeria.

The political & economic reality at enactment

The political and economic reality

Nigeria in 2011: who was in charge, the cabinet of the day, the GDP, and the crises that defined the period of this Act's commencement.

President · Fourth Republic

Dr. Goodluck Ebele Jonathan

2010–2015· PDP

National reality

GDP rebasing April 2014 made Nigeria Africa's largest economy. Chibok abduction 14 April 2014 (276 girls). Sovereign Wealth Fund established 2012. Fuel-subsidy protests January 2012. Lost the 2015 election — first incumbent defeated.

Crises of the period

#OccupyNigeria fuel-subsidy protests (Jan 2012)
Chibok abduction (Apr 2014)
Boko Haram caliphate at peak (2014)
Oil price crash from mid-2014

GDP (World Bank)

$369 bn (2010) → $546 bn (2014, post-rebasing — largest African economy)

Cabinet (selected portfolios)

Finance
Ngozi Okonjo-Iweala (Coordinating Minister of the Economy)
Education
Ruqayyatu Ahmed Rufa'i; Ibrahim Shekarau
Petroleum
Diezani Alison-Madueke

Sources · Federal Gazette 2010–15 · NBS GDP rebasing report 2014

Methodology

Tier 1 · primary

Courts. Gazettes. National archives.

Tier 2 · corroborating

OCCRP. HRW. BudgIT. TheCable.

Tier 4 · tertiary, flagged

Wikipedia only where primary is pending. Always labelled.