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Sovereign Wealth Funds Briefing - Categorized | Fund Profile/New Launches

Nigeria wealth fund approval an encouraging sign

Posted on 29 June 2012

The approval this week by Nigeria’s state governors of the country’s new sovereign wealth fund, the Nigerian Sovereign Investment Authority (NSIA), is another signal that the country is back on a reform path that could reduce its vulnerability to an oil price shock.
The NSIA could help rebuild foreign exchange reserves and improve discipline and transparency in the use of oil revenue. The scheme is not yet up and running, however………………………………………..Full Article: Source


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