Truth about Excess Crude Oil and Sovereign Wealth Funds in Nigeria.

•  Federal Government should not decide for States on Sovereign Wealth Fund. Communication is essential.
• Why do FG want to borrow and still pursue savings with SWF at the same time? It doesn't make economic sense.
• 7yrs ago ex-President Obasanjo paid 12billion dollars (the largest ever to move out of developing economy) within 3months for Nigeria to get out of Paris Club debt trap. Why walk into the snare again?
• Though SWF is in vogue globally. It is a product of developed economies with excess income. It's good to save but FG should think of investment that can yield.
• SWF statistic has 80% from Asia, and Gulf region, 8% from Africa and 5% from Europe. So our economy, not trend should determine our economic steps.
• Though Lawmaker initially opposed borrowing moves by FG. Within a week, state govs moved cash to Abuja and the Legislators cave in. It's sad.
• Rather than sharing monies in Abuja monthly, why can't the govs look inward. Kudos to Lagos and few states.