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

Nigeria plans $1 bln wealth fund to spur growth

Posted on 06 September 2010

From Bloomberg: Nigeria’s government is targeting economic growth of 10 percent as it creates an oil-financed infrastructure fund, encourages foreign investment in the power industry and abolishes fuel subsidies that have drained the national purse, Finance Minister Olusegun Aganga said.
Africa’s top oil producer also plans to sell its first global bond of $500 million in October, Aganga, 55, said in an interview in London today……………………………………….Full Article: Source


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