02.10.2012 - Analysts canvass global best practices for SWF
Worried by the high level of corruption and habitual mismanagement of the national wealth over the years, analysts are canvassing transparency and sound corporate governance in the management of the Sovereign Wealth Fund (SWF). Nigeria ranks along with Angola and Ghana as countries that have not made any appreciable progress with their SWFs. While Angola and Ghana are relative new comers in oil production, and are in the process of establishing their own SWFs, Nigeria has been producing crude oil since 1958, longer than all the SWFs except that of Kuwait, which has saved $292 billion since 1953 from its oil earnings...............................................Full Article: Source
Print