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

Nigeria ready to launch sovereign wealth fund

Posted on 25 February 2011

From Euromoney.com: Nigeria’s government hopes to gain final legislative approval to create a sovereign wealth fund before April’s presidential election, according to the country’s finance minister. It is “our aspiration and plan,” says Olusegan Aganga, who adds the new institution will adopt the 2008 Santiago Principles on transparency, independence and accountability, in line with other sovereign wealth funds.
The fund, which will manage the country’s excess oil reserves, will be split into three parts………………………………………..Full Article: Source


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