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Sovereign Wealth Funds Briefing - Categorized | Compliance/Regulation/Legal, Fund Profile/New Launches

Nigeria: Govt submits sovereign wealth fund bill to National Assembly

Posted on 16 September 2010

From Allafrica.com: The Federal Government has submitted the bill to give legal backing to the Sovereign Wealth Fund (SWF) to the National Assembly. President Goodluck Jonathan said yesterday in Abuja at a meeting with honorary foreign investment advisers that the government was committed to creating the environment for the take-off of the Fund.
“I have forwarded a bill to the National Assembly to create a national sovereign fund to ensure that we have the legal underpinning for national savings,” Jonathan said……………………………………….Full Article: Source


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