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

Nigeria says to release $2 bln from crude account

Posted on 06 October 2009

From Reuters: Nigeria will release $2 billion from its excess crude account (ECA) to stimulate its economy, leaving between $6 billion and $7 billion in the fund, Finance Minister Mansur Muhtar confirmed on Monday.
“We are going to look at various activities aimed at stimulating the manufacturing sector,” he told reporters……………….Full Article: Source


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