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Sovereign Wealth Funds Briefing - Categorized | Fund Management/Administration

Nigeria: Sovereign wealth fund yet to get management team

Posted on 19 December 2011

Seven months after the Nigerian Sovereign Wealth Fund (NSWF) was approved by the Senate and signed into law by President Goodluck Jonathan, the fund is yet to get a management team, but the minister of finance Ngozi Okonjo Iweala said they have started implementing it.
When the fund was initiated sometimes last year, the authorities said it would replace the Excess Crude Account (ECA) and $1 billion was set aside for it………………………………………..Full Article: Source


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