This Day (Lagos)

Nigeria: NEC Discloses SWF Modus Operandi

By Muhammad Bello, 21 February 2013
Photo: Vanguard
Show me the money.

The National Executive Council (NEC) Thursday rose from its second meeting of the year disclosing how the $1 billion Sovereign Wealth Fund (SWF) will operate in order to meet the agenda set up for it by the federal government as it becomes operational at the end of next month.

According to the Minister of Finance and the Coordinating Minister of the Economy (CME), Dr Ngozi Okonjo-Iweala the operation of the fund will be in three areas: Stabilization Fund, Infrastructure Fund and Future Generation Fund.

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