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

Why Nigerian state governments must establish sovereign wealth funds

Posted on 22 August 2016

Successive Nigerian governments failed to save or invest a part of their earnings. No individual or government that spends all their income during times of plenty should expect everything to be well in times of famine.
Globally, countries as well as sub-national entities that generate revenues from commodity exports have established frameworks to put aside a portion of their earnings for the future and the vehicle mostly used for such savings is the sovereign wealth fund (SWF). In some jurisdictions, SWFs also receive part of the reserves held by central banks………………………………………..Full Article: Source


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VRS - who has written 19873 posts on Opalesque Sovereign Wealth Funds Briefing.


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