Nigeria: Governors Go to Court Over Sovereign Wealth Fund

Plans by the government to transfer U.S.$1 Billion from the Excess Crude Account to the new Sovereign Wealth Fund may have met a brick wall with the country's governors.

Oil rig in Nigeria.

InFocus

  • Nigeria:   Governors Meet in Abuja

    Leadership, 29 September 2011

    Thirty-six state governors under the aegis of Nigeria Governors forum yesterday met in Abuja over matters arising from the payment of minimum wage, sovereign wealth fund, petroleum… Read more »

  • Nigeria:   Governors, Aganga and the Sovereign Wealth Fund

    Daily Champion, 28 September 2011

    THE recent gesture from the state Governors' Forum that they will agree to the demand of N18, 000 minimum wage only when the Federal Government agrees to suspend her Sovereign… Read more »

  • Nigeria:   Governors Vs Labour - When Truce Becomes a Mirage

    Leadership, 26 September 2011

    Amidst cries of insufficient funds, the failure to broker a deal between state governors and state labour congresses over minimum wage has seen a plethora of strikes with more in… Read more »

  • Nigeria:   FG Dares Governors Over SWF

    Leadership, 26 September 2011

    Despite the stiff opposition from the 36 state governors over the propriety of the Sovereign Wealth Fund (SWF), the federal government would not reverse itself on the issue, as it… Read more »

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