Finance
Minister
Ngozi
Okonjo-Iweala
said
the
fund
would
start
with
a
cash
hoard
of
around
$1
billion,
Reuters
reported.
The
top
team
will
come
from
First
Bank
and
UBS.
The
West
African
oil
producer
is
one
of
only
three
OPEC
member
states
that
do
not
have
an
SWF,
and
the
new
fund
is
being
keenly
watched
by
global
markets
and
investors
in
Africa's
second
biggest
economy,
the
news
wire
said.
The
government
hopes
the
fund
will
provide
a
firmer
legal
basis
to
ringfence
Nigeria's
savings
from
competing
demands
so
it
can
better
save…
