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

Government sets aside $1bln for wealth fund

Posted on 16 August 2010

From 234next.com: The federal government on Friday announced that it has set aside the sum of $1billion (about N150billion), in preparation for the Sovereign Wealth Fund (SWF) take off.

The Accountant General of the Federation, Ibrahim Dankwambo, who disclosed this in Abuja at the end of the Federation Accounts Allocation Committee (FAAC) meeting on Friday, said the three tiers of government agreed to share a total of about N704.3billion for the month of July…………………………………….Full Article: Source

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