24.05.2011 - Nigeria: Passage of sovereign wealth fund bill
Having consistently advocated for it, we welcome the passage of the Nigerian Sovereign Investment Authority (NSIA) Bill, popularly called the Sovereign Wealth Fund (SWF) Bill by the National Assembly. But we note that this is only the first of many crucial steps necessary for achieving the desired objectives of the bill. Last week, both chambers of the National Assembly passed the bill to set out an era of a more transparent way to manage the country’s oil earnings. President Goodluck Jonathan is expected to sign the bill into law..............................................Full Article: Source
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