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Sovereign Wealth Funds Briefing - Categorized | Fund Profile/New Launches, Market

The New Year slap from President Jonathan

Posted on 11 January 2012

The demand of state governors for removal of the subsidy to free funds for implementation of the new National Minimum Wage structure, and the controversy over the Sovereign Wealth Fund, added further impetus to the idea, mid-2011.
But, following the inconclusive signals that emanated from top government officials at the Town Hall Meeting on fuel subsidy, Nigerians had slept easy thinking the subsidy would not be removed earlier than April, if it would be, at all. And that is where the people got it wrong. Forgotten, it seems, was Nigerian governments’ penchant for releasing bombshells against the populace at festive occasions…………………………………….Full Article: Source


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