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Sovereign Wealth Funds Briefing - Categorized | Market

Nigeria: Great pride befalls greater responsibility

Posted on 27 September 2013

The Nigerian Sovereign Wealth Fund (SWF) In Perspective: As President Goodluck Jonathan this week sounded the closing bell on Wall Street, Abuja has witnessed its own symbolic break of day; an overwhelming degree of conjecture fills our national discourse, indeed an outpouring of guesswork has arisen as to our economy’s future, more specifically due to recent debates on the role and practical purpose of the $1 billion USD Nigerian Sovereign Wealth Fund (SWF).
Historically, Nigeria’s aims for federal and state-by-state savings and investment prudence have often been quashed via notorious financial misappropriation and malpractice. In light of this, today’s Sovereign Wealth Fund, overseen by the Nigerian Sovereign Investment Authority (NSIA), offers to us a unique opportunity………………………………………..Full Article: Source


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