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Sovereign Wealth Funds Briefing - Categorized | Market, People

Ahmed asks FG to release SWF, Excess Crude Funds to states

Posted on 07 November 2012

Kwara State Governor, Alhaji Abdulfatah Ahmed, Tuesday hinted that the 36 states governors under the aegis of Nigeria Governors’ Forum (NGF) had commenced discussions with the Federal Government on the need to make use of Sovereign Wealth Fund (SWF) and excess crude fund to increase the revenue allocations for the states in order to meet the current challenges facing them.
He also said the state was not insolvent because his administration has been able to meet all its financial obligations since he took over the mantle of leadership. Ahmed, who dropped the hint in Ilorin while speaking with journalists on his monthly programme tagged: ‘Governor’s Explains’, said among such present challenges being faced by states are floods, economy and insecurity………………………………………..Full Article: Source


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