03.10.2011 - Senators dare govs, insist on SWF law
Facts emerged on Sunday that the Senate might not dance to the tune of state governors on the amendment of the Sovereign Wealth Fund. The senators might insist that the law must be implemented. The law provides that government should save from the country’s excess crude oil earnings as a backup against unforeseen economic challenges. But the governors have mounted pressure on President Goodluck Jonathan to return the Act to the National Assembly for a repeal in order to free more funds for the states..............................................Full Article: Source
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