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

Sovereign wealth fund to redistribute oil wealth

Posted on 20 September 2013

Mallam Sanusi Lamido Sanusi, Governor, Central Bank of Nigeria (CBN), says the Federal Government established the Sovereign Wealth Fund (SWF) to shield Nigerian economy from adverse global shocks.
Sanusi, who made the remark at the Euromoney Conference in Lagos on Thursday, said that the fund would shield the economy in the event of total crash of global oil price. The fund is about one billion dollars (more than N150 billion). ……………………………………….Full Article: Source


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