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

Nigeria: FG dedicates $1bln for sovereign wealth fund

Posted on 26 October 2010

From Tribune.com.ng: The Federal Government has dedicated $1billion for the sovereign wealth fund as it set up three commercial courts to try economic offenders. The Minister of Finance, Mr Olusegun Aganga, while delivering a keynote address, on Monday, in Abuja, at the 51st annual conference of Nigeria Economic Society (NES), said that the sovereign wealth fund had three components, which included inter-generational savings for the future; stabilisation fund and infrastructural fund.

The infrastructural fund, he said, would reduce the cost of food, production and invest in infrastructure as well as served as catalyst for local and foreign investors…………………………………….Full Article: Source


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