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Sovereign Wealth Funds Briefing - Categorized | Market, People

PDP berates APC lawmakers over comments on sovereign wealth fund

Posted on 20 September 2013

The Peoples Democratic Party, PDP, has described the position of the opposition All Progressives Congress, APC, lawmakers on the management of the Sovereign Wealth Fund, SWF, as a demonstration of crass ignorance and the obvious unpreparedness of the APC to manage the affairs of the nation.
The PDP National Publicity Secretary, Olisa Metuh, in a statement on Thursday, branded the APC lawmakers as frustrated political adventurers with a penchant for destructive criticisms that exhibit their emptiness and poor understanding of international financial system. Contrary to insinuations that the SWF has been mortgaged to foreign interests, the PDP said, the fund is managed in line with international best practices that guarantee prudence, foreign participation and return on investment………………………………………..Full Article: Source


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