IMF has backpedalled, but can Nigeria save for future generations?


Last week, it was reported that the International Monetary Fund (IMF) ranked Nigeria’s Sovereign Wealth Fund (SWF) as the second-worst managed, after Qatar’s, but the Washington-based institution later apologised because it had mistaken the country’s SWF for its Excess Crude Account (ECA). Thought the IMF may have referred to the wrong institution in Nigeria, the…

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