23.03.2011 - Nigeria: The sovereign wealth fund
The Federal Government recently sent to the National Assembly a Bill for an Act to Establish the Nigerian Sovereign Investment Authority to Build a Savings Base for Future Generations, Enhance Development of the Infrastructure Sector in Nigeria, Assist Fiscal Stability in Certain Circumstances and for Related Matters. The planned agency, which is dubbed the Sovereign Wealth Fund (SWF), is essentially a rechristened Excess Crude Account (ECA) that will be vested with legal existence and be given rules to guide its management..............................................Full Article: Source
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