08.09.2010 - Nigeria proposes ‘Sovereign Fund’ of US$1 bln to develop infrastructure
From Afriqueavenir.org: Nigeria’s proposed Sovereign Wealth Fund to be financed with oil revenue would be set up in October with US$1 billion to help pay for infrastructure, Finance Minister Olusegun Aganga said in Abuja on Tuesday. “The oil-financed infrastructure fund would encourage foreign investment in the power industry and abolish fuel subsidies and is targeted at helping to galvanise economic growth of 10 per cent,” he said..............................................Full Article: Source
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