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Sovereign Wealth Funds Briefing - Categorized | Fund Management/Administration

Uduaghan advocates effective management of sovereign wealth fund

Posted on 01 October 2013

Governor Emmanuel Uduaghan of Delta State has charged the Federal Government on the proper management of the sovereign wealth fund to ensure effective participation of the various states in the country.
The governor, who said this weekend at the 2nd anniversary public lecture of the 5th Assembly in Asaba, explained that states were not against the establishment of the sovereign wealth fund per se but the way and manner in which it was being managed. He opined that states should be able to decide the amount to save and what to do with their savings since they are not appendages of the Federal Government………………………………………..Full Article: Source


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