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

Nigeria: 2012 economic outlook: Uncertainty about growth, debts

Posted on 11 January 2012

Shortly after the issue of the minimum wage, government set up the Sovereign Wealth Fund, SWF, to save the surplus between the budget benchmark and the actual price of crude oil. The SWF, which effectively replaced the Excess Crude Account, took off with an initial $1billion seed fund.

President Goodluck Jonathan also inaugurated the Economic Management Team, EMT, co-ordinated by the finance minister and former World Bank director…………………………………….Full Article: Source


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