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Sovereign Wealth Funds Briefing - Categorized | Fund Management/Administration, Fund Profile/New Launches, People

Nigerian governors want clarity on wealth fund

Posted on 24 August 2011

Nigeria’s powerful state governors have sought more clarity over how the country’s planned debut sovereign wealth fund (SWF) would work because of concerns they will have less access to oil revenues.
The fund has been designed to help Africa’s biggest oil exporter to improve its management of often-squandered crude oil earnings and would replace Nigeria’s excess crude account (ECA), where oil revenues over a benchmark price are now saved……………………………………….Full Article: Source


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