| Little is there in the Sovereign Wealth Fund (which is a replacement for the Excess Crude Account with three separate funds: stabilization fund, infrastructure fund and future generations fund has only $1 billion as initial take-off capital in 2011) (the Nigerian sovereign wealth fund is the third-largest in sub-Saharan Africa, after the $6.9bn Botswana and $5bn Angola funds, although these are tiny compared to those of oil producers such as Saudi Arabia,
Norway and Abu Dhabi, which each have more than $600bn in assets) to act as reliable and sustainable buffer for the economy – unlike other countries like Qatar, UAE, Saudi Arabia and Russia. This is one of the economicides committed by the Nigerian State against itself by the very manner of its budgetary expenditure profile. Nigeria never plans for the future...............................................Full Article: Source
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