| The Nigerian Governors Forum recently called for the suspension of the implementation of the Sovereign Wealth Fund (SWF), promptly causing uproar among many Nigerians.
In effect, the governors argued that the SWF was illegal because it lacked constitutional backing, expressing preference for sharing the excess crude oil earnings to paying them into the SWF. They argued further that instead of stashing money in the Fund, they needed it to enable their governments meet the financial demands of implementing the new national minimum wage..............................................Full Article: Source
|