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

Nigeria: We must take a good look at sovereign wealth fund

Posted on 29 August 2011

Benedict Ukpong, Assistant Director, Federal Capital Development Authority, Abuja, on the need for government to carefully examine SWF and the economic benefits it would bring in the long-run, if adequately utilised.
According to the bill already endorsed by both chambers, the future funding for SWF would be derived from remaining funds from the federation account that would be transferred to the authority. This means the three tiers of government should function as a team to develop the economy……………………………………….Full Article: Source

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