Policy Think Group Seminar on Sovereign Wealth Fund

 As a mono-product economy, a marginal change in the price of oil will always be the number one macroeconomic risk for Nigeria in the foreseeable future. A sustained price of oil will continue to oil and fuel government’s revenue and expenditure. Nigeria being an oil enclave economy, had been a victim of fluctuations in international oil prices since oil became the dominant revenue earner for the government.

The vagaries of international oil market, macroeconomic volatility and the political economy of oil in Nigeria make it imperative to have a national savings and investment mechanism that will guarantee prosperity into the future. All over the world, this is the basis for the concept of the Sovereign Wealth Fund (SWF). While there may be arguments bordering on constitutional propriety in Nigeria’s fiscal federalism, there is a groundswell of opinions that the SWF is an idea whose time has come.

The debate has shifted from constitutional propriety to the imperatives of efficient and sustainable management of the Fund. In order to enlighten this debate, the AIAE is convening a Policy Seminar on the SWF. This Seminar is organised against the backdrop of our intent to inform and enlighten public discussion and stakeholder brainstorming on the imperatives for an efficient management and sustainable governance of the SWF. 

Objective and Deliverables
The Policy Seminar on SWF is aimed at deepening stakeholders’ understanding and expectations regarding the management and sustainability of the Fund. The Seminar will create platform for greater awareness, exchange of ideas and sharing of perspectives on the strengths, weaknesses, risks and opportunities of the SWF. The Seminar will be anchored on a Discussion Paper prepared by AIAE on the Nigeria Sovereign Wealth Fund.

The discussions and ideas from this Seminar will feed into current efforts to develop a sustainable national investment platform through the SWF.

Participants

Participants are drawn from the Federal Ministry of Finance, State Ministries of Finance, Ministry of Trade and Investment, the National Assembly, Debt Management Office (DMO), Revenue Mobilisation, Allocation and Fiscal Commission, National Planning Commission, Fiscal Responsibility Commission, Central Bank of Nigeria, Office of the Accountant General of the Federation, Office of the Auditor-General of the Federation, relevant government agencies, representatives of the Governors’ Forum, Civil Society Organisations (CSOs), Non Governmental Organisations (NGOs), Faith Based Organisations (FBOs) and others.

Date: 1st March, 2012
Venue: Valencia Hotel, 44 Blantyre St., off Adetokunbo Ademola Crescent, Abuja. Time: 9.30am.

Please confirm participation through: Emeka 08038739788 or Sola 08039115606

Download Invitation Letter