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Sovereign Wealth Funds Briefing - Categorized | Market

AfDB ups expectations of NSWF for infrastructure funding

Posted on 21 October 2013

The Africa Development Bank (AfDB) says it expects the Nigerian Sovereign Wealth Fund (NSWF) to be the chief mobiliser of funding requirement by Nigeria to meet its infrastructure need in coming years.
The AfDB estimates that full implementation of its Infrastructure Action Plan (IAP) for Nigeria would require some $350 billion of development expenditures between 2011 and 2020 and has proposed for the SWF to mobilise from other public and private sources at least $3 for each $1 of SWF contributions to the programme………………………………………..Full Article: Source


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