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

Nigeria lags behind oil producing countries with SWF

Posted on 11 September 2013

As the Nigeria Sovereign Investment Authority (NSIA) works towards implementing the Sovereign Wealth Fund (SWF), a report has said the initial $1 billion seed capital for the fund is too small, relative to other oil producing countries with such initiative.
A peer review of the ratio of daily oil production to the size of the SWF for each of the petrodollar countries, suggested that the amount set aside for the fund by the federal government was very minimal………………………………………..Full Article: Source


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