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

Nigeria: Sovereign wealth fund is to shield economy – CBN

Posted on 23 September 2013

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 News Agency of Nigeria (NAN) reports that the fund is about one billion dollars (more than N150 billion). The fund is being invested overseas in real and financial assets such as stocks, bonds, real estate, precious metals, among others…………………………………..Full Article: Source


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