22.02.2013 - Nigeria: $1bn SWF to become operational by March FG
The $1 billion Sovereign Wealth Fund (SWF) will operate in accordance with the agenda set up for it, and will become operational by the end of next month, the federal government stated. Minister of finance and the coordinating minister for the economy (CME) Dr. Ngozi Okonjo-Iweala said, at the end of the second meeting of the National Executive Council (NEC) in 2013 at the presidential villa, Abuja, that the operation of the fund will be in three areas: Stabilization Fund, Infrastructure Fund and Future Generation Fund............................................Full Article: Source
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