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Sovereign Wealth Funds Briefing - Categorized | Financials

Nigerian sovereign wealth fund to expand fivefold by 2016

Posted on 06 February 2013

Nigeria plans to increase its sovereign wealth fund fivefold to $5 billion within three years, Minister of State for Finance Yerima Ngama said.
Differences between Nigeria’s federal government and state governors, which have delayed additional transfers to the fund, may be resolved soon by expanding the representation of the states on the board of the sovereign wealth authority, Ngama said today in an interview in London. “Once we look at the board and say, ok, state governors, bring your own representatives on the board, I think it will solve it.”……………………………………….Full Article: Source


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