| Nigeria’s $1 billion sovereign wealth fund will start making investments in March after receiving board approval, it said. “We’ll start all the securities investing by March” for the Fiscal Stabilization Fund and the Future Generations Fund, Uche Orji, chief executive officer of the Nigeria Sovereign Investment Authority, said today in an interview in Abuja.
For the Infrastructure Fund, “we’ll start investing in the second half of 2013.” Nigeria set up a wealth fund in May last year to invest savings made from the difference between budgeted oil prices and actual market prices...............................................Full Article: Source
|