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Sovereign Wealth Funds Briefing - Categorized | Fund Profile/New Launches

Nigeria: Let the sovereign wealth fund begin

Posted on 16 July 2012

One of the curiosities in our current national discourse is this argument over the desirability or otherwise of having a saving and investment scheme as a nation giving the realities of our national circumstance. A nation with so much money, habitually engaging in wastefulness and is somehow ambivalent about saving for the future or against the rainy day, must be a study in self-destruct tendencies.
The sovereign wealth fund (SWF) initiative which Nigeria embarked upon early last year is designed to help the country achieve a turn-around in fiscal attitude and help address our needless tendency to profligacy by setting aside some critical fund for the future………………………………………..Full Article: Source


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