Re-Governing sovereign wealth funds in Africa: the dilemma of oil based economies

Chijioke K. Mama 24 March 2015, Sweetcrude, Lagos - Oil and Gas economics has changed. In Africa’s hydrocarbon-dependent economies, petroleum frequently accounts for 80-90% of government revenues (Angola 80%, Libya, 90%, Nigeria 80%); which makes them very susceptible to the risks of boom-bust cycles in oil prices. These states normally use stabilization Sovereign Wealth Funds […] More »