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

Nigeria: Good news on sovereign wealth fund

Posted on 05 October 2010

From Sunnewsonline.com: It is cheering that the Federal and state governments have, at last, agreed on modalities for funding the Nigerian Sovereign Wealth Fund (NSWF). President Goodluck Jonathan announced the decision by the three arms of government to set aside $ 1 billion as seed money for the fund, which was approved recently by the National Economic Council (NEC).
The president told the 10th meeting of the Honourary International Investor Council in Abuja that he has already sent a bill for the creation of the NSWF to the National Assembly……………………………………….Full Article: Source

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