Tue, Feb 9, 2016
A A A
Welcome tstroemlev
RSS

Nigeria: FG - Non-appointment of managers delays SWF take-off

Posted on 18 August 2011

Goodluck JonathanAlmost five months after President Goodluck Jonathan signed the Sovereign Wealth Fund (SWF) Bill into Law, the account is yet to effectively take-off, because the Federal Government has not been able to appoint those who will manage the funds.
The passage of the fund bill, celebrated as the biggest single achievement by former Finance Minister, Mr. Olusegun Aganga , was expected to replace the Excess Crude Account (ECA), created to keep back earned oil revenues which are above budget benchmark price……………………………………….Full Article: Source


 Article link

This post was written by:

VRS - who has written 17965 posts on Opalesque Sovereign Wealth Funds Briefing.


Contact the author

Comments are closed.

banner
February 2016
M T W T F S S
« Jan    
1234567
891011121314
15161718192021
22232425262728
29