Story of Impact

Led the debate for a Sovereign Wealth Fund (SWF) in Nigeria

In 2009, CSEA built support by providing an evidence-based analysis of the imperative to establish a Sovereign Wealth Fund (SWF). Based on the policy paper, the Centre organized a policy dialogue involving various stakeholders, including policymakers, the media, and civil society organizations to debate the usefulness of establishing SWF in Nigeria. The outcome of the event sustained the interest of policymakers to improve the oil revenue management regime in Nigeria. This eventually led to the establishment of the Nigerian Sovereign Investment Authority in 2011 mandate to manage Nigeria’s Future Generations Fund, the Stabilization Fund and the Nigeria Infrastructure Fund.