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

Nigeria: Stakeholders endorse sovereign wealth fund Bill

Posted on 10 March 2011

From Compassnewspaper.com: There was an overwhelming concurrence by all the relevant stakeholders at a public hearing staged yesterday by the Joint Committee of the National Assembly on the Bill for an Act to Establish the Nigerian Sovereign Wealth Fund (SWF).
The SWFs are government-owned investment funds, set up for a variety of macro-economic purposes and are generally used to facilitate the saving and intergenerational transfer of proceeds from non-renewable resources, such as oil and gas and also help to reduce the impact of the inevitable boom and bust cycles driven by changes in commodity export prices……………………………………….Full Article: Source


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