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Nigeria's governors back sovereign wealth fund

ABUJA (Reuters) - Nigeria's powerful state governors said on Monday they had approved federal government's proposal to launch a sovereign wealth fund with an initial $1 billion, ending months of political wrangling. Finance Minister Ngozi Okonjo-Iweala said in October last year the fund was being launched but governors initially blocked the proposal, leading to eight months of negotiations. ...
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Added June 26, 2012
from Yahoo Nigerian News