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

Saving for Nigeria’s future

Posted on 09 October 2012

The establishment of the Sovereign Wealth Fund (SWF), though coming more than two years after the idea was first mooted, will give the country a legal underpinning for saving for the future. It is an indication of the collective will of Nigerians to actualise their dream of a better future.
Our first attempt at a national savings scheme started in 2003 with the establishment of the Excess Crude Account. One of the biggest challenges of the ECA, which is still affecting it, is that it was never backed by law………………………………………..Full Article: Source


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