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Sovereign Wealth Funds Briefing - Categorized | Fund Profile/New Launches, Reserve Currencies

Nigeria: Reserves -FG moves to set up SWF

Posted on 06 October 2009

From Allafrica.com: As part of efforts to boost its foreign reserves, Nigeria will soon join other countries of the world to set up a sovereign wealth funds (SWF), to create more assets for the country with foreign reserves.

The Minister of Finance Dr. Mansur Murhtar, made the disclosure during the ongoing annual meetings of the World Bank/IMF in Istanbul, Turkey, where he also told newsmen the results of the Nigerian delegation’s meetings with the IMF/World Bank officials and the Africa caucus……………….Full Article: Source

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