Section 30: Payment of dividends to the Federal Government

30. Payment of dividends to the Federal Government.___ Where in a financial year the revenues accruing to the Fund are more than sufficient— (a) to meet the expenditure of the Fund in that year; (b) to meet the expenditure and investments required to be made by the Fund in compliance with its investment mandate; and (c) to enable the Fund to make appropriations to its general reserve in terms of section 29, the Fund may pay out of the surplus such dividends to the Federal Government through Ministry of Finance as the Board may determine from time to time.

Effective date: 2023-08-04

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