| The Sovereign Wealth Fund (SWF) initiative, which Nigeria embarked upon early last year, is designed to help the country achieve a turn-around in fiscal attitude and help address our needless tendency to profligacy by setting aside some critical fund for the future. With the enabling legislation in place NSIA, 2011, Nigeria should truly be seen to have taken the right step forward just waiting for the fund to become fully operational.
Basically, SWF are funds of investable foreign currency owned by sovereign entities, usually managed separately official exchange reserve of the country. The practice and management of SWF have captured ample scholarly attention and a growing body of literature from the perspectives of legal, policy, finance, management to politics, all of which now exist on the subject matter...............................................Full Article: Source
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