Re: Nigeria, SWFs, and the Resource Curse? Two New Papers
Nigeria, SWFs, and the Resource Curse? Two New Papers “Sovereign Wealth Fund (SWF) is not the magic wand that can turn around the economy and welfare of the majority of Nigerians, but true federalism. If Nigeria can be run like a true federal democracy, the country would be transformed, but the rogues in power want to continue using public funds to play their games of Monopoly and Totopoly in and out of the corridors of power. What we need in Nigeria is not the SWF, but accountability and transparency in public service and an end to the impunity of the corrupt ruling class. $3 billion was collected as bribes by public officers in a single year in Nigeria! Without accountability and transparency in governance, the SWF will be mismanaged and looted by the same kleptomaniacs in power..” Read the story: ...