31.10.2012 - Sovereign wealth fund: One right step for Nigeria
Angola has just established a Sovereign Wealth Fund (SWF) shortly after Nigeriaís $1billion SWF. Goddy Egene writes that Angolaís move shows that Nigeria took the right decision in the first place. President Goodluck Jonathanís signing of the Nigeria Sovereign Investment Authority (NSIA) bill into law in 2011 marked a positive step towards the establishment of the Sovereign Wealth Fund (SWF) in Nigeria. A SWF has proven to be a veritable form of investment for the future, especially for countries that depend largely on commodities and raw materials such as oil and other mineral resources as their main source of revenue like Nigeria...............................................Full Article: Source
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