| Nigeria is one of only three OPEC member states not to have a Sovereign Wealth Fund (SWF) - the other two being Iraq and Ecuador. A number of oil rich economies have put in place SWFs consisting of financial assets, with a view to safeguarding national wealth.
But Nigeria's newly re-appointed Finance Minister Ngozi Iweala has placed the creation of the Nigeria Sovereign Investment Authority (NSIA), high on her list of priorities. This has gained aplomb from some and real scepticism from others, particularly the powerful state governors.............................................Full Article: Source
|