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

Wealth fund bill awaits president’s assent

Posted on 18 May 2011

The House of Representatives yesterday passed the Sovereign Wealth Fund (SWF) proposed by the federal government to hold extra oil revenue accruing from differentials between budget benchmarks and real market prices. The bill now awaits a formal third reading and the subsequent assent of the President.
To make their work easy and avoid a lengthy harmonisation process during the short period left for this current legislature,, the House quickly passed the Nigeria Sovereign Investment Authority bill, by adopting the version of the Senate……………………………………….Full Article: Source


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