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

Nigeria to put excess oil sales in wealth fund, Aganga says

Posted on 18 May 2011

Nigeria will put aside oil revenue earned when prices exceed what is used to calculate the government budget for the country’s new sovereign wealth fund, Finance Minister Olusegun Aganga said.
A dependence on oil brings risks including the inherent volatility of prices and the impact that boom and bust revenue cycles can have on inflation, fiscal planning, and budgetary prudence, Aganga said today in an e-mailed statement from the capital, Abuja……………………………………….Full Article: Source


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