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

Nigeria proposes ‘Sovereign Fund’ of US$1 bln to develop infrastructure

Posted on 08 September 2010

From Afriqueavenir.org: Nigeria’s proposed Sovereign Wealth Fund to be financed with oil revenue would be set up in October with US$1 billion to help pay for infrastructure, Finance Minister Olusegun Aganga said in Abuja on Tuesday.
“The oil-financed infrastructure fund would encourage foreign investment in the power industry and abolish fuel subsidies and is targeted at helping to galvanise economic growth of 10 per cent,” he said……………………………………….Full Article: Source


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