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Sovereign Wealth Funds Briefing - Categorized | Compliance/Regulation/Legal, Fund Profile/New Launches

Jonathan signs 2011 budget, sovereign wealth fund bill

Posted on 29 August 2011

President Goodluck Jonathan on Friday signed into law the 2011 Amended Appropriation Bill with an expenditure profile of N4.484 trillion.
He also gave his assent to the National Sovereign Investment Authority Bill (2011) which provides for the establishment of a Sovereign Wealth Fund (SWF) and for which $1 billion has been set aside as seed capital……………………………………….Full Article: Source

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