04.09.2012 - Sovereign wealth fund as basis for economic stabilisation
There is no doubt that Nigeria is making progress in the various sectors of the economy. Nigerians are full of expectations that the recent inauguration of the board of the Sovereign Wealth Fund (SWF) has increased the hope and aspirations of the citizens that is on the way of institutionalising long-term savings culture. In fact, with the country’s infrastructure deficit estimate at $200 billion or $20 billion a year, for the next 10 years, according to the Urban Development Bank of Nigeria, there is nothing as auspicious as the Fund that with objectives of building a savings base, enhancing the development of Nigerian infrastructure and providing stabilisation support in times of economic stress...........................................Full Article: Source
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