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Nigeria: Sovereign wealth fund - Planning for a rainy day

Posted on 28 November 2011

Nigeria is one of only three OPEC member states not to have a Sovereign Wealth Fund (SWF) - the other two being Iraq and Ecuador. A number of oil rich economies have put in place SWFs consisting of financial assets, with a view to safeguarding national wealth.
But Nigeria’s newly re-appointed Finance Minister Ngozi Iweala has placed the creation of the Nigeria Sovereign Investment Authority (NSIA), high on her list of priorities. This has gained aplomb from some and real scepticism from others, particularly the powerful state governors………………………………………Full Article: Source


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VRS - who has written 19873 posts on Opalesque Sovereign Wealth Funds Briefing.


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