Nigeria hopes wealth fund will have rating impact

Fri Sep 3, 2010 12:32pm GMT

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LONDON, Sept 3 (Reuters) - Nigerian Finance Minister Olusegun Aganga said on Friday he hoped a planned sovereign wealth fund would have a positive impact on the country's credit rating.

Aganga told an investor conference in London the fund would have three parts -- intergenerational savings, a stabilisation fund and infrastructure fund for co-investment with other investors, the latter being the largest part.

"The stabilisation fund will be based on robust guidelines ... which I hope should have an impact on Nigeria's sovereign credit ratings," Aganga said. (For more Reuters Africa coverage and to have your say on the top issues, visit: af.reuters.com/ ) (Reporting by Carolyn Cohn; Writing by Nick Tattersall)

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