Section 6: Workers' equity participation.

Notwithstanding the provisions of section 5 of this Act, the Minister or the Allotment Committee of the Commission shall not approve the sale or transfer of any share in any enterprise except there is created for the employees of the enterprise through a trust deal to be known as workers' equity participation based on the following, that is-
(a) in the case of an enterprise specified in the Schedule to this Act not less than ten per cent shall be set aside as workers' equity participation;
(b) in the case of all companies registered in Nigeria after the commencement of this Act or where only a fraction of the share of the companies is sold not less than ten per cent of the amount of sale shall be reserved for non managerial staff of such companies as workers' equity participation.