| Following the passage of the Nigerian Sovereign Investment Authority (NSIA) bill in the National Assembly (NASS) earlier in the year, the apparent controversy cum fears plaguing the establishment of the US$1billion Nigerian Sovereign Wealth Fund (SWF), particularly between the Federal Government of Nigeria and 36 state governors, under the auspices of Governors’ Forum, in particular and generality of Nigerians, indicates there is yet no actual understanding of the propriety or otherwise of the concept in certain quarters.
But, what’s an SWF all about? According to Wikipedia, a free online encyclopedia, a sovereign wealth fund is described as “a state-owned investment fund composed of financial assets such as stocks, bonds, property, precious metals or other financial instruments. Sovereign wealth funds invest globally.”..............................................Full Article: Source
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