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

Governors may advocate ECA, SWF combination

Posted on 21 September 2011

The 36 state governors may push for a combination of the use of the Excess Crude Account (ECA) and the Sovereign Wealth Fund (SWF) sources close to the Nigerian Governors Forum and the Presidency told BusinessDay yesterday in Abuja.
The Nigerian Governors` Forum (NGF) has called on the Federal Government to suspend the operation of the SWF, saying it is unconstitutional. Sources within government, inform that the disagreement from the governors, amounts to concerns, as to whether the ECA would still remain, while some part of the resources in the account is sent to the SWF……………………………………….Full Article: Source


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