| The bill (Sovereign Investment Authority Bill), was earlier passed by the Senate on May 11 at its plenary session. The authority, when established, would receive, manage and invest in diversified portfolio of medium and long-term ventures of the federal, state and local governments.
Rep. Itah Enang (PDP-Akwa-Ibom) while addressing newsmen after the session, expressed opposition to the idea of setting up the Fund, using funds of all three tiers of government..............................................Full Article: Source
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