22.11.2011 - Nigeria: The traps in sovereign wealth fund
Let me state right away that I am not in favour of the establishment of the so-called Sovereign Wealth Fund (SWF). Yet, I believe in planning and saving for the future. My opposition to the SWF idea is based on certain worrisome issues surrounding the enactment of the law itself and the manner the fund is likely to be operated on our behalf by its foreign custodians. Whatever be the much-vaunted economic benefits, I think there are geo-political and international power-play issues which our economic strategists appear to be over-looking...............................................Full Article: Source
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