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

Governors seek to stop sovereign wealth fund

Posted on 22 August 2011

Ahead of Monday’s meeting of the National Economic Council in Abuja, the Nigeria Governors’ Forum will be meeting Sunday also in the Federal Capital Territory, during which the desirability of the nation’s Sovereign Wealth Fund will be discussed.
Already, there are indications that mounting pressure on state governors to meet their funding obligations, especially the national minimum wage, could see some of them heading to court to stop the transfer of a certain portion of their revenue to the SWF……………………………………….Full Article: Source

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