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Sovereign Wealth Funds Briefing - Categorized | Market

Nigeria: The benefits of the sovereign wealth fund

Posted on 02 July 2012

The governors understand the need to take as much as they can get from the centre but we all grew up understanding the lesson to save for the rainy day. That is the whole thing concerning the concept of the Sovereign Wealth Fund. We cannot say that oil price would go up.
It is unrealistic. If it plunges maybe below the budget level we should have something that we can fall back on and your Sovereign Wealth Fund gives you enormous respect and increases your credibility and power in negotiation internationally………………………………………..Full Article: Source

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