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

Nigeria: Sovereign wealth fund and the aviation sector

Posted on 02 October 2013

The best way to assure the future of the SWF is to embark on projects that impact the people. The idea of creating the Sovereign Wealth Fund (SWF) for the country is worth commending. It is premised on the wisdom of saving some portion of the “excess proceeds” from crude oil sales for the future so it could provide fiscal stability in times of economic stress.
With a take-off sum of $1 billion, the Managing Director of the Nigerian Sovereign Investment Authority (NSIA), Mr. Uche Orji, has said that the authority was looking at investing in Monoline insurance, securities, health and aviation sectors of the economy……………………………………….Full Article: Source


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