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

Nigeria: Sovereign wealth fund becomes operational March 2013

Posted on 21 December 2012

The much awaited Sovereign Wealth Fund (SWF) will become fully operational by March 2013, as 300 persons jostle for the post of Chief Investment Officer (CIO). To underscore the commitment of the federal government to the fund, the strategy document, which will guide its operations, is ready while its investment policy guidelines and the processes for the three fund mandates are almost finalised.
Speaking on the progress made so far, the Coordinating Minister for the Economy and Minister of Finance, Dr. Ngozi Okonjo-Iweala, stated the strategy document was ratified by the Board of the Nigeria Sovereign Investment Authority (NSIA), led by Alhaji Mahey Rasheed………………………………………..Full Article: Source


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