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Nigerian governors oppose sovereign wealth fund

Posted on 16 June 2010

From Reuters: Nigeria’s state governors on Tuesday voiced opposition to having a sovereign wealth fund manage the country’s oil wealth, an early sign that new Finance Minister Olusegun Aganga will have to fight for reforms.
Aganga has championed the idea of a sovereign fund to help Africa’s most populous nation save some of its oil revenues for the future, invest in critical infrastructure and help stabilise the OPEC member’s finances when world oil prices are volatile…………………………………………Full Article: Source

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