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Sovereign Wealth Funds Briefing - Categorized | Financials, Reserve Currencies

Nigeria makes first 2015 contribution to sovereign wealth fund

Posted on 23 November 2015

Nigeria will inject $250 million into its sovereign wealth fund, an official said on Thursday, making the first contribution since last year as government savings slightly improved despite a plunge in oil prices.
The money will come from recent proceeds from liquid natural gas exports, Rauf Aregbesola, governor of the southern Osun state, told reporters in Abuja. President Muhammadu Buhari, who took office in May, was elected on a campaign to root out oil theft and corruption, which has deepened an economic crisis triggered by the falling price of Nigeria’s oil exports………………………………………..Full Article: Source


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