| The government has begun the implementation of its much touted Sovereign Wealth Fund (SWF). The SWF has been kick-started with an initial investment of $1 billion drawn from the Excess Crude Account (ECA), which currently stands at $6 billion.
Minister of Finance Dr Ngozi Okonjo-Iweala (pictured) announced the news at an Abuja press conference, where she disclosed that the recruitment of the fund’s management team is being undertaken by global accounting firm KPMG through adverts in The Economist and the (London) Financial Times...............................................Full Article: Source
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