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Sovereign Wealth Funds Briefing - Categorized | Market

Contribution of oil to total exports hits record low

Posted on 17 August 2011

Efforts by the Federal Government of Nigeria to diversify the nation’s economy may be yielding fruitful results if trade statistics released by the National Bureau of Statistics (NBS) is anything to go by.
“We believe that the establishment of the Sovereign Wealth Fund (SWF) is capable of achieving the desired objectives, but we note the possibility of less than optimal accretion to external reserves, which is capable of derailing the objectives of achieving price stability in the Nigerian economy.”………………………………………Full Article: Source


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