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Sovereign Wealth Funds Briefing - Categorized | Market, Trends

Nigeria: States, SWF and minimum wage

Posted on 06 September 2011

The state governors seem determined not to pay the N18, 000 national minimum wage as they keep coming up with excuses for delays in doing what they must do. First, they demanded the restructuring of the revenue sharing formula as a condition for implementing the pay package. Later, it was the withdrawal of petroleum subsidy.
Now, it is the Sovereign Wealth Fund (SWF) which they claim is unconstitutional and must be rectified and the money meant for the fund put in the redistributable pool of funds of the government……………………………………….Full Article: Source


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