Sat, Dec 20, 2014
A A A
Welcome preal121
RSS

Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Don’t invest SWF in aviation sector

Posted on 23 September 2013

The managing director of the Nigerian Sovereign Investment Authority (NSIA), Mr Uche Orji , last week, stated that the authority was looking at investing in insurance, securities, health and aviation sectors of our economy. While the insurance, securities and health sectors could sound as good investment judgment, aviation sector is obviously a wrong choice.
I find it strange that Mr Orji who should have economics or accounting background would nurse a possible idea of sinking public funds in a sector that is known to swallow without regurgitation. Is Mr Orji aware that the Aviation Intervention Fund of N300 billion, earmarked and disbursed under the late President Yar’Adua has, all of a sudden, disappeared into thin air? The various airlines, including Air Nigeria that accessed the funds, have either vanished from the sector or are still on life support— with no possibility of recovering…………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 15428 posts on Opalesque Sovereign Wealth Funds Briefing.


Contact the author

Comments are closed.

banner
banner
December 2014
M T W T F S S
« Nov    
1234567
891011121314
15161718192021
22232425262728
293031