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Sovereign Wealth Funds Briefing - Categorized | Fund Profile/New Launches, People

Why govs oppose sovereign wealth fund?

Posted on 17 May 2012

Governor Babatunde Fashola of Lagos State said state governors’ opposition to the Sovereign Wealth Fund, SWF, and the Excess Crude Account is borne out of distrust for the Federal Government’s ability to judiciously manage the funds and utilise it for the purpose it was meant for.
“These really are the issues. It is not that the governors are up in arms against the idea of saving. But we are asking what the rules of engagement are and do those rules of engagement work within the rules that bind all of us,” Fashola said……………………………………….Full Article: Source


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