The Bretton Wood institution said the index was compiled using the corporate governance and transparency scores of the sovereign wealth funds and the size of assets as a percentage of 2016 GDP of the countries considered.
From the Cable
Thursday, April 11, 2019
IMF Ranks Nigeria Second Worst In The World in Use of Sovereign Wealth Fund
The International Monetary Fund has ranked Nigeria as the second worst country in the world in the use of sovereign wealth funds.
According to the Fiscal Monitor report released on Wednesday, Qatar was the only country worse than Nigeria on the index.
The Bretton Wood institution said the index was compiled using the corporate governance and transparency scores of the sovereign wealth funds and the size of assets as a percentage of 2016 GDP of the countries considered.
From the Cable
The Bretton Wood institution said the index was compiled using the corporate governance and transparency scores of the sovereign wealth funds and the size of assets as a percentage of 2016 GDP of the countries considered.
From the Cable
16 comments:
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Sovereign wealth fund is money from excess crude oil proceed when it was $100 or above during GEJ era.
ReplyDeleteThey are reference that period not now.
Anonymous was 2016 GEJ era...Are you that dumb
DeleteLEP😛
Pussy eater, maybe you should read again. As a percentage over 2016.
DeleteAnon, I bind every spirit of Lai Mohammed, Shehu Garba and Femi Adeshina in fact, the entire APC from your life.
DeleteWhat is that one talking
DeleteNaija yaf suffer
ReplyDeleteI saw this news yesterday and wasn't surprised. Nigeria has always been a case study of negative occurrence. Sometimes I get weak and tired of discussing the Nigerian issues, for it seems to me that the level of her backwardness is unchallengeable. Smh....
ReplyDeleteThat’s what the PDP did in the first 16 years after the return to democracy
DeleteAm expecting you to shield your anointed Gej, the report is actually for the period he was in power.
DeleteAnon 10.23 2016 GEJ? Please it's a review of PMBs' disastrous first year in office!
DeleteIt is not shocking that Mama Mia is absolutely uninformed about what gdp percentage of any given year is. So your comment is not different from any Nigerian with very shallow knowledge of how economics work. Apart from that, it is sad that we know nothing about Nigeria’s antecedent and precedent with the IMF. Is the IMF not the root of Nigetia’ Present situation? Interestingly, the report says that Qatar is the only country worse than Nigeria. If anyone knows how good and sound Qatar is, economically, financially and administratively then the person would know that Nigeria is very much on track. As long as it is not compared with Venezuela, in terms of savings.
DeleteDo I have to respond to mr ITK’s comment? I don’t think so. Obviously he knows nothing about IMF, GDP and Sovereign Wealth Fund. If he does, his comment would be very well informed. Not bringing in backwardness into the discussion. Ask yourself how backward Qatar is then you will compare it to Nigeria. Stella, abeg change your emoji. This news is not a bad one. It is a completely different economic policy thing. Look the list of countries with downward rating you will see big countries there.
I thought we are number one. Smh
ReplyDeleteJust a matter of time before we get to number one
ReplyDeleteNa only sovereign wealth fund?
ReplyDeleteAll the loans wey politicians and militicians don collect in the name of Nigeria since 1980; 70% of it enter inside private pockets and private bank accounts while the country keep paying back. Heartless people.
We are making progress
ReplyDeleteAll i know is that these people have reduced us to nothing. But still we the youths are not helping matters too.
ReplyDeleteMay God have mercy on us. Stella please come and take me to.germany