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Sovereign Wealth Funds Briefing - Categorized | Market

Nigeria: U.S. $2 bln Excess Crude Fund will boost economy - Governors

Posted on 08 October 2009

From Allafrica.com: The 36 state governors ratified the planned release of $2 billion dollars from the excess crude account, saying the action was part of palliative measures to mitigate the effect of the nation’s economic recession and stabilise the imminent crash crunch affecting the economy.
They expressed hope that the money would strengthen the economy and restore it to the path of normalcy and economic growth………………..Full Article: Source

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