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

Nigerian sovereign wealth fund to save for future generations

Posted on 11 February 2011

Olusegun AgangaFrom Bloomberg: Nigeria’s sovereign wealth fund, currently under debate in parliament, will set aside at least 20 percent of its assets accrued from crude oil exports for future generations.
The Nigeria Sovereign Investment Authority will be split into the Nigeria Infrastructure Fund, the Future Generations Fund and the Stabilization Fund, according to a draft of the bill obtained by Bloomberg. Each component will represent at least 20 percent of the total fund……………………………………….Full Article: Source

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