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Sovereign Wealth Funds Briefing - Categorized | Market

Discordant voices over sovereign wealth fund

Posted on 07 September 2011

“Some of you may recall that on the 20th of April, 2010, the National Economic Council under my leadership approved the setting up of a National Sovereign Wealth Fund to secure Nigeria’s future growth. It was further approved that $1 billion be set aside for the fund as seed money.
The Sovereign Wealth Fund is a vehicle for growth that this administration conceived of to secure additional capital for growing Nigeria’s infrastructure and putting aside money for the rainy day so that future generations will always have something to fall back on in the event that revenues are impacted by market forces which have been known to be volatile”……………………………………….Full Article: Source


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