12.02.2014 - Nigeria: Govt. allocates additional US$550mln to SWF
The government has added another US$550 million to the Nigerian Sovereign Wealth Fund (NSWF) as part of efforts improve power sector financing and overcome the current challenges in the sector, the local media reported Tuesday. The private owned BusinessDay newspaper reported that the latest addition brings the total funds available to the NSWF to US$1.55 billion. The fresh allocation comes from the proceeds of the successful US$1 billion Eurobond offer last year, set aside to fund gas-to-power infrastructure...............................................Full Article: Source
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