Nigerian Sovereign Wealth Funds Coming Closer to Fruition
Nigeria is Africa’s largest oil producer and is in the midst of creating a commodity-based sovereign wealth entity. The bill would be comprised of three segregated funds which are the Future Generations Fund, Nigerian Infrastructure Fund and Stabilization Fund. The Nigerian House of Representatives passed the sovereign wealth entity creation bill.[ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]
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