28.09.2011 - Nigerian sovereign wealth fund law
The Nigerian Government has passed into law the Sovereign Investment Authority (Establishment, Etc.) Act 2011 to among other things establish a Nigerian Sovereign Investment Authority. This Authority is charged to receive, manage and invest in diversified portfolios, the medium and long-term revenue of the Federal Government, all the State Governments, the Federal Capital Territory, the Local Government and all the Area Councils in Nigeria.............................................Full Article: Source
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