| The federal government, last week, announced that it had commenced the implementation of the Sovereign Wealth Fund (SWF) with a seed capital of $1 billion from the Excess Crude Account (ECA).
This negated the claim of the Nigerian Governors' Forum that establishing the Fund was not only illegal, unconstitutional but that it was out of place for the federal government to dictate to them how to spend their resources. We are in support of the FG on this issue because of the potential to bolster economic stability and the might of the Naira...............................................Full Article: Source
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