01.10.2010 - Nigeria and the quest for a Sovereign Wealth Fund
From Businessdayonline.com: It is for the reason of some of the problems associated with management of such huge influx of unexpected streams of foreign exchange revenues from exports of oil and gas commodities that the idea or innovation of what is generally known as Sovereign Wealth Fund (SWF) came about. Thus, the question is: What is a SWF? Generally speaking, a SWF is essentially an onshore Fund used as a mechanism to save windfall revenues that arose during commodity price boom periods. However, there are a number of definitions of what constitutes a SWF..............................................Full Article: Source
Print