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

Nigeria: Let the sovereign wealth fund begin

Posted on 19 July 2012

And so in the light of the absence of a direct express prohibition as well as the laudable purpose of the SWF a court will be too hesitant to take a narrow view that can prove a disservice to the national interest.
The court would have to consider the likely inconsistencies, absurdity and inconvenience between a single account (the Federation Account) and the expediencies of subsidiary funds aimed at savings and investments (Excess Crude Account, SWF, etc.) in pursuit of welfare, good governance and national prosperity………………………………………..Full Article: Source


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