Schlettwein slams door on SOE bailouts

By Patience Nyangove

FINANCE Minister Calle Schlettwein has slammed the door on public enterprises that seek government bailouts to subsidise the ex-

orbitant salaries of top executives, Confidente has learnt.

Salaries of high-flying executives, some of which earn over N million per annum, have been a problem at many public enterprises, some of which are perennial loss-making entities that are always begging government for financial bail- outs.

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