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

Nigeria: Still on the sovereign wealth fund

Posted on 30 March 2011

Rivers State Gov. Rotimi Amaechi both surprised and shocked many people penultimate Friday with his disclosure that his administration was on the verge of going to court against the Federal Government over the Sovereign Wealth Fund (SWF).
While disclosing that the Rivers State Government has started setting aside N1billion monthly for an Independent Power Plant, the governor ‘advised’ the Federal Government to emulate his programme by equally saving from its 52 percent of the Federation Account………………………………………Full Article: Source


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