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

Govs can’t stop SWF, says Okonjo-Iweala

Posted on 04 October 2012

Finance Minister, Dr. Ngozi Okonjo-Iweala, has said that the Federal Government was ready to go ahead with the controversial Sovereign Wealth Fund (SWF) with or without governors.
The Co-ordinating Minister of the Economy said the Federal Government would expand the SWF by, at least, N160 billion ($1billion) a year, despite lingering opposition from governors. The fund is designed to safeguard oil revenues for future generations, and cushion Nigeria’s economy against external shocks………………………………………..Full Article: Source


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