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

On Nigeria’s sovereign wealth fund

Posted on 22 October 2013

There was a time the Minister of Finance, Dr Ngozi Okonjo-Iweala, was championing the need for the country to have a Sovereign Wealth Fund. I really don’t know how far she has gone on this, but I support her reasons for coming up with the fund.
We can’t just keep spending all we are earning from crude oil. I understand some state governors are against this fund because it will mean that they will be forced to contribute to the account, which will result in a reduction of their allocation from the Federation account………………………………………..Full Article: Source


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