25.06.2015 - Nigerian Governors : Our problem with ECA, SWF
State governors yesterday said they were opposed to the continued existence of the Excess Crude Account and the Sovereign Wealth Fund (SWF) because both had been abused by the federal government. The chairman of the Nigeria Governors’ Forum and Zamfara State Governor Abdulazeez Yari, stated this while speaking with reporters after the governors met President Muhammadu Buhari. Yari said the sum of $10.3 billion was in the Excess Crude Account governors in 2013 when the governor forum became factionalised and sharing of money stopped. However, he said, the governors discovered that the fund, which is being operated by the federal government, declined inexplicably to $2.6 billion last year...............................................Full Article: Source
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