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

The battle over the sovereign wealth fund

Posted on 20 September 2011

When on May 27, 2011 the immediate past Minister of Finance, Olusegun Aganga popped champagne in celebration over what he felt was a feat in warehousing Nigeria’s unbudgeted oil revenue from reckless spending because of the signing into law of the Nigeria Sovereign Investment Authority (NSIA) Bill to manage the nation’s fiscal price rule of unbudgeted oil revenue (Sovereign Wealth Fund, SWF), little did he know that the celebration was a false start.
Aganga, expressive as a Usain Bolt breasting the tape after a long marathon, spoke of the benefit of the SWF enactment: ………………………………………Full Article: Source


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