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

Nigeria: Still on the sinking fund

Posted on 13 November 2012

The novel intent behind the Federal Government’s plan to establish a sinking fund may not be too different from the kind it had for advocating debt relief nearly a decade ago; establishing an Excess Crude Account and the subsequent Sovereign Wealth Fund.
What is, however, different is the growing discontent of many Nigerians with the ease with which these novel ideas lose relevance in addressing the issues for which they were advocated in the first place. The truth is that Nigerians are no longer excited about these initiatives or mechanisms regardless of their nomenclature………………………………………..Full Article: Source


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