| 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
|