04.10.2012 - Govs can't stop SWF, says Okonjo-Iweala
Finance Minister, Dr. Ngozi Okonjo-Iweala, has said that the Federal Government was ready to go ahead with the controversial Sovereign Wealth Fund (SWF) with or without governors. The Co-ordinating Minister of the Economy said the Federal Government would expand the SWF by, at least, N160 billion ($1billion) a year, despite lingering opposition from governors. The fund is designed to safeguard oil revenues for future generations, and cushion Nigeria's economy against external shocks...............................................Full Article: Source
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