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

Why Nigerian Governors oppose sovereign wealth fund - Yuguda

Posted on 12 September 2011

Bauchi State Governor, Alhaji Isa Yuguda, has said that governors of the 36 states of the country under the aegis of the Nigerian Governors’ Forum(NGF) are opposed to the operation of the Sovereign Wealth Fund(SWF) because of the fear of its sustainability.
Governor Yuguda, who spoke to a select team of newsmen in Abuja, said that though the governors believe in the need to save for the rainy day, he said that the reliance on excess crude money as a basis for operation of Fund could prove dangerous……………………………………….Full Article: Source


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