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

Nigeria: Wrangling over sovereign wealth fund

Posted on 25 August 2011

The cloud is gathering over the much promoted Sovereign Wealth Fund (SWF) with state governors calling for more clarity over how the country’s planned debut SWF would work because of concerns that they will have less access to oil revenues.
The fund has been designed to help improve management of often-squandered crude oil earnings and would replace Nigeria’s Excess Crude Account (ECA), into which oil revenues over a bench- mark price are now saved……………………………………….Full Article: Source


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