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Sovereign Wealth Funds Briefing - Categorized | Market

Nigeria protests credit rating

Posted on 25 October 2010

From 234next.com: It is significant that Fitch recognises the many positive measures being taken by the current administration to address these concerns, which it describes as the ‘renewed reform momentum in 2010’”, he said, identifying the measures to include the proposed establishment of a Sovereign Wealth Fund (SWF) as well as steps to address the infrastructure deficit in the power sector.
According to Mr Aganga, some of the measures identified as crucial for Nigeria’s outlook to return to stable are already being implemented. He said that the Bill for the establishment of the Fund, for instance, is currently being drafted for accelerated passage by the National Assembly……………………………………….Full Article: Source


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