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Sovereign Wealth Funds Briefing - Categorized | Financials, Fund Management/Administration, Market

SWF: Whose wealth? Whose sovereignty?

Posted on 23 May 2012

Trust has remained sorely lacking in the governance of Nigeria. Lagos State Governor Babatunde Fashola (SAN) made this point tellingly last week in an address before the Pan-Africa Investor Conference of Renaissance Capital, in which he explained why his fellow governors have not embraced the controversial Sovereign Wealth Fund (SWF) – not to be confused with Single White Female in the “personal” pages of American newspapers —the Federal Government is planning to establish.
State governors simply do not trust the Federal Government to manage the fund judiciously and use it for what it is meant, Fashola said………………………………………..Full Article: Source


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