Nigeria earmarks US$6.2bn for pensions

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NIGERIA - The Nigerian government has set aside as much as NGN80bn (US$6.2bn) for its pension system as part of its 2007 budget proposals.

"We are providing N80bn for pensions under the Pay-As-You-Go System for the 2007 fiscal year to ensure that our pensioners are paid as and when due," the government announced this week. The gove...

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