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

Nigeria plans big boost to sovereign fund

Posted on 04 October 2012

Nigeria’s government hopes to expand its new sovereign wealth fund by at least $1-billion (U.S.) a year, despite lingering opposition from the country’s powerful state governors.
The fund was officially launched this week when its management team took office. It is designed to safeguard oil revenues for future generations, and cushion Africa’s second-largest economy against external shocks………………………………………..Full Article: Source


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