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FG Sovereign Wealth Fund - Good or Bad idea? - Politics - Nairaland

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FG Sovereign Wealth Fund - Good or Bad idea? by ugbo(m): 9:54pm On Nov 06, 2011
The governors are kicking against FG proposed sovereign wealth fund(SWF). According to FG, the fund will serve as form of savings for the future of Nigeria, and a place to draw funds from in times of financial need/crisis. On the other hand the governors are against the idea, they argue that all monies, or extra revenues acruing, should be immediately disbursed to the three tier of government as they need more money for recurrent expenditure, such as to finance the recent increase in public workers salaries etc. What do you think? who is right? and why do you think they are right?

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