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Sovereign Wealth Funds Briefing - Categorized | Fund Management/Administration, People

Ex-Goldman banker managing Nigeria fund targets spending

Posted on 05 September 2012

Uche Orji, the former Goldman Sachs Group Inc. and UBS AG banker named to lead Nigeria’s sovereign wealth fund, plans to make spending on local infrastructure a key aim after local lawmakers opposed the fund’s creation.
“It’s a crucial cornerstone of the mandate of the fund,” Orji, 42, who also worked at JP Morgan Chase & Co. (JPM) and most recently spent almost 16 years in the U.S. and Europe, said last week in a telephone interview from New York. “This is not saving money for savings sake, this is about impacting the lives of people in a way that will be very fundamental for the future of Nigeria.”…………………………………….Full Article: Source


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