Nigerian State Approves Bill To Establish Wealth Fund

Ekiti State Government has approved the establishment of a fund designed to receive, manage and invest in a diversified portfolio of medium- and long-term assets for the state, and for future generations of indigenes and residents. <br />The Special Adviser to the Governor on Media, Yinka Oyebode, says that approval for the establishment of the Fund, named Ekiti State Wealth Fund, was one of the decisions reached at the meeting presided over by Governor Biodun Oyebanji on Wednesday. <br />Oyebode, says that the bill on the establishment of the state wealth fund would be presented to the State House of Assembly for legislative processing and subsequent passage into law. <br />