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Sovereign Wealth Funds Briefing - Categorized | Financials, Fund Management/Administration

Nigeria takes $1.6 bln from Crude Account

Posted on 05 August 2011

Nigeria’s government has withdrawn 250 billion naira ($1.6 billion) from its excess crude account savings this year, BusinessDay reported, without saying how it got the information.
While recurrent expenditure is meeting budget targets, investment was only 34 percent of the full-year target in the first half of 2011, the Lagos-based newspaper said……………………………………….Full Article: Source


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