11.05.2011 - Nigerian Senate considers clauses of sovereign wealth fund bill
Senate Tuesday began a clause-by-clause consideration of the Nigerian Sovereign Investment Authority Bill, otherwise called the Sovereign Wealth Fund. This followed the acceptance of the report of its Committee on Finance, which fine-tuned the Bill after it had passed the second reading on the floor of the Red Chamber. Chairman of the Committee, Senator Ahmed Makarfi said, while presenting the report that the Bill seeks to receive, manage and invest Nigeria’s hydrocarbon resources in a diversified portfolio of medium- and long-term investments for the benefit of future generation of Nigerian citizens..............................................Full Article: Source
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