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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Protecting Nigeria oil SWF is no easy task

Posted on 11 October 2013

The first investment by the $1bn Nigeria Sovereign Investment Authority (NSIA) has come just as the country’s oil-linked hard currency reserves dip significantly because of a decline in production, raising doubts about its future funding.
However, Ngozi Okonjo-Iweala, the finance minister, is adamant that the country has no “intention of halting the [sovereign wealth] fund at $1bn”. She adds: “You will see that our intention is to expand this fund in the future. We should reach $5bn to $6bn, I’m sure.”……………………………………….Full Article: Source


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