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

Nigeria: Government defines sovereign wealth fund targets

Posted on 31 May 2011

Higher revenues realised from the export of the country’s oil resources in excess of budgeted oil benchmarks under the newly established Sovereign Wealth Fund (SWF) are to be channeled into special funds for infrastructure development, protection of the future of Nigerian youth, and provision for annual fiscal stability.
Minister of finance, Olusegun Aganga, said at the formal assent to the Bill establishing the Nigerian Sovereign Investment Authority (NSIA) that the SWF has three components, namely the Nigeria Infrastructure Fund; the Future Generations Fund; and the Stabilisation Fund……………………………………….Full Article: Source

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