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

Nigeria’s president seeks to curb graft in oil funds management

Posted on 15 September 2010

From Digitaljournal.com: Nigerian President Goodluck Jonathan on Monday said he has proposed a legislation that seeks to improve the management of the country’s oil revenue through a special fund for savings and infrastructure.
Jonothan’s proposal to create a sovereign wealth fund which comes ahead of January elections would replace an existing arrangement in which government put excess crude revenue in a savings account……………………………………….Full Article: Source


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