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

Nigeria’s governors back sovereign wealth fund

Posted on 19 July 2012

Nigeria’s powerful state governors said on Monday they had approved federal government’s proposal to launch a sovereign wealth fund with an initial $1 billion, ending months of political wrangling.
Finance Minister Ngozi Okonjo-Iweala said in October last year the fund was being launched but governors initially blocked the proposal, leading to eight months of negotiations………………………………………..Full Article: Source


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