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

Government funds critical projects from excess crude account

Posted on 27 October 2009

From 234next.com: The determination to realise the Vision 20-2020, is the motivation for the three tiers of government to draw $5.34 billion (about N794 billion - at N148.61 to the dollar) from the excess crude revenue account.

The Umaru Yar’Adua’s administration has initiated a number of projects under its seven-point agenda to help develop the Nigerian economy into one of the world’s biggest economies by year 2020……………………..Full Article: Source

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