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Sovereign Wealth Funds Briefing - Categorized | Financials, Investment, Market

Nigeria: FG eyes $14 bln in SWF

Posted on 17 February 2011

From Allafrica.com: The Federal Government may save about $14 billion in the proposed Sovereign Wealth Fund (SWF) this year, if the bill is eventually passed into law by the National Assembly.
But the forecast is dependent on the fact that lawmakers retain the benchmark oil price of $65 per barrel, as insisted by the Minister of Finance, Olusegun Aganga. The other expectation is that oil price continues to soar at the international market and oil production target of 2.3 million barrels per day is achieved……………………………………….Full Article: Source


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