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

Angola’s $5bn SWF questions Nigeria politicians’ ambition

Posted on 19 October 2012

Angola - Africa’s second largest oil producer launched a $5 billion sovereign wealth fund (SWF) this week. This raises questions as to why Nigeria’s political class is not in the forefront of advancing reforms in critical sectors to help unlock growth in the economy.

SWFs are oil savings deployed by countries in the development of infrastructure for the use of future generations when the oil runs dry, and for budget stabilisation . They also provide a buffer against volatility in oil prices………………………………………..Full Article: Source


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