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

Nigeria: Investment ministry to create Diaspora fund, targets $18.6bln

Posted on 20 July 2011

The Ministry of Trade and Investment is planning to float a Diaspora Fund as part of strategies aimed at unlocking available capital for investment in critical sectors of the economy.
Minister of Trade and Investment, Olusegun Aganga pointed out that the ministry would also operationalise the Sovereign Wealth Fund, which was created partly because of investments. He added that the N2trillion pension fund was also “sticky, long-term money” that should be unlocked for investment in key sectors, especially infrastructure……………………………………….Full Article: Source


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