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

Nigeria: Economic Council approves sovereign wealth fund

Posted on 26 November 2010

From 234next.com: The National Economic Council (NEC) approved the bill for the establishment of the National Sovereign Wealth Fund (NSWF) which is to replace the excess crude account.
The Minister of Finance, Olusegun Aganga said the bill would be sent to the Federal Executive Council (FEC) for approval before it goes to the national assembly for legislation……………………………………….Full Article: Source


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