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Sovereign Wealth Funds Briefing - Categorized | Fund Management/Administration, Market

Sovereign wealth fund: What guarantee against abuse?

Posted on 22 August 2011

So soon after running down the much-eulogised Excess Crude Account (ECA) set up by the Olusegun Obasanjo administration at the behest of the International Monetary Fund (IMF), the Federal Government recently began preparations to establish a Sovereign Wealth Fund (SWF).
Addressing members of the National Assembly Committees on Finance last week, Finance Minister Olusegun Aganga noted, in part, that Nigeria is one of the very few members of Organisation of Petroleum Exporting Countries (OPEC), without such a fund……………………………………….Full Article: Source

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