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

Sovereign wealth fund to take off with $1bln – Aganga

Posted on 11 March 2011

From Independentngonline.com: After several years of complaints by the National Assembly and civil society group on the operation of an illegal account, the Federal Government has finally set a machinery in motion to replace the Excess Crude Account with the Nigerian Sovereign Investment Authority.
The Authority will take off with a seed capital of $1billion already provided by the National Economic Council (NEC) with all the 36 state governors agreeing to the deal……………………………………….Full Article: Source


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