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

Nigeria: The sovereign wealth fund

Posted on 23 March 2011

The Federal Government recently sent to the National Assembly a Bill for an Act to Establish the Nigerian Sovereign Investment Authority to Build a Savings Base for Future Generations, Enhance Development of the Infrastructure Sector in Nigeria, Assist Fiscal Stability in Certain Circumstances and for Related Matters.
The planned agency, which is dubbed the Sovereign Wealth Fund (SWF), is essentially a rechristened Excess Crude Account (ECA) that will be vested with legal existence and be given rules to guide its management……………………………………….Full Article: Source


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