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

Nigeria: Governors, Aganga and sovereign wealth fund

Posted on 21 September 2011

The recent gesture from the state Governors’ Forum that they will agree to the demand of N18, 000 minimum wage only when the Federal Government agrees to suspend her Sovereign Wealth Fund (SWF) is another pointer to the complicated nature of our public policy formulation process.
What that is showing is that no matter the merits of the SWF, in as much as the Federal Government insists on the N18, 000 minimum wage, it should be shelved. Nigerian governors have a history of using any opportunity to demand for what ever they thought is their rightful allocation, which they later on spend on not necessarily important projects……………………………………….Full Article: Source


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