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

Nigeria don’t need sovereign wealth fund, says Rep

Posted on 03 February 2011

From Vanguardngr.com: The National Assembly will throw out the proposal by the Presidency to create a Sovereign Wealth Fund to pool together the resources meant for all tiers of government, Rep. Leo Ogor, has said.
An Executive Bill pending before the National Assembly, entitled “Nigeria Sovereign Investment Authority Bill”, seeks in part, according to its explanatory note, “to receive, manage and invest in (a) a diversified portfolio of medium and long-term investments for the benefit of future generations of Nigerian citizens.”………………………………………Full Article: Source


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