07.06.2011 - Nigeria sovereign wealth fund
With the passage of the ‘Nigeria Sovereign Investment Authority (NSIA) bill 2011’ by the upper legislative chamber, and the signing into law by President Goodluck Ebele Jonathan, Nigeria has demonstrated its resolve and eagerness to join the group of about 50 other countries already operating the Sovereign Wealth Fund (SWF) scheme. The NSIA automatically replaces the Excess Crude Account (ECA), a pillar of International Monetary Fund-backed fiscal reforms, launched in 2003.............................................Full Article: Source
Print