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

Nigeria: Sovereign wealth fund bill faces hitches

Posted on 28 October 2010

From Allafrica.com: The enactment of a law seeking to establish the National Sovereign Wealth Fund of the Federation to replace the Excess Crude Account (ECA) is suffering a major delay in the National Assembly, Daily Trust can reveal.
President Goodluck Jonathan had on September 26, this year disclosed that he had forwarded the bill to the National Assembly to create a sovereign wealth fund and that federal and state governments had set aside $1 billion in seed capital for the fund……………………………………….Full Article: Source

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