| From 234next.com: The Senate has joined their House of Representatives counterparts to record a significant progress on the passage of the Sovereign Investment Authority bill, which passed through second reading on Wednesday.
The bill seeks to invest a portion of the excess profit made from crude oil sales in the Sovereign Wealth Fund to be held and managed by the Nigerian Sovereign Investment Authority. The authority is expected to invest the funds in a diversified portfolio of medium and long term investments "for the benefit of future generations of Nigerian citizens."..........................................Full Article: Source
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