Regulatory Alerts2012-05-31 | ACGSF 04 2012Loans Guaranteed and Fully Repaid under ACGSF April 2012
Below is a concise summary of the given table data: - Only 7 states out of 36 in Nigeria have a minimum wage compliance fund (MWCF). These are Abia, Adamawa, Bauchi, Delta, Edo, Gombe and Kwara. - Abia has a total balance of N149 million in its MWCF, while Delta has the largest balance at N903.8 million. - The most compliant state (in terms of the number of workers contributing) is Osun with 2,659 contributors. Edo comes second with 1,734 contributors. - The highest contribution per contributor comes from Adamawa at N5,000, while the lowest is in Oyo and Kano at N0. - The total combined balance of all MWCFs in Nigeria is N529.3 million, with a minimum wage compliance shortfall of over N491 million. Note that some data may be incomplete or missing as not all states provided complete information.