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

Nigeria and the quest for sovereign wealth fund

Posted on 08 October 2010

From Businessdayonline.com: In considering the design of an appropriate SWF and in light of the above mentioned considerations, and drawing on international best practice and past experience, key design elements would include: a) Fully integrating the SWF with the budget and fiscal framework. b) Governance, transparency, disclosure, accountability and asset management rules based on international best practice (for example, Norway’s Government Pension Fund - Global and Australia’s Future Fund).
c) Ensure proper surveillance and oversight by Parliament; including regular audits by reputable internationally recognized firms, and regular disclosure of SWF assets and liabilities, operating performance, risks, and investments, and any other relevant information for public disclosure……………………………………….Full Article: Source


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