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Arsenal’s collapse psychologically damaging, says Wenger

Arsenal’s collapse psychologically damaging, says Wenger

Arsenal’s soft underbelly cost them yet again on Saturday as,
not for the first time in the past year, precious points leaked away after a
second-half collapse.

Four-up after 26 minutes at Newcastle United with two goals from
Robin van Persie and one each for Theo Walcott and Johan Djourou, Arsenal’s
title challenge was gathering speed.

But what followed stunned the Gunners and left manager Arsene
Wenger worried about the psychological damage it could inflict.

Five minutes after the break Abou Diaby was sent off for shoving
Newcastle’s Joey Barton to the ground.

With their Momentum gone, Arsenal then completely fell apart as
the home side scored four times in 22 minutes to grab an unlikely 4-4 draw.

Barton netted twice from the penalty spot.

Psychological damage

“Mathematically (we lost) two points, but psychologically the
damage is bigger tonight because everyone is very disappointed in the dressing
room,” Wenger said. “Only the future will tell.” It would have been a long
journey back to London for Wenger’s side, particularly Diaby whose loss of
composure was the catalyst for his side’s implosion.

“Certainly, more psychologically than on the footballing side,”
Wenger said when asked if Diaby’s rush of blood to the head had been crucial.
“We were worried too much on protecting our lead after that because we were
down to 10 men.

“Instead of continuing to play, we invited pressure.

Afterwards we were very unlucky with some decisions as well. I
cannot do anything about that.” Manchester United’s later defeat by
Wolverhampton Wanderers allowed Arsenal to close to within four points of the
leaders but that would have been scant consolation for Wenger who also lost
Djourou to a knee injury.

“It’s very frustrating because we played a good game and we had
an opportunity to take three points in the title race,” Wenger added.
“Newcastle kept fighting, I knew at 4-0 the game was not over because it was
important to keep our nerves and continue to play.”

Diaby’s rush of blood to the head Wenger said Diaby’s red card
was “completely unnecessary” but said Barton should not even have been on the
pitch to tuck away the two penalties in Newcastle’s epic fightback.

“It was a completely unnecessary sending off and I believe
Barton was very lucky to stay on the pitch because of his tackle on Diaby,”
Wenger said.

“(Diaby) is very disappointed at the moment, it’s better not to
talk to him. He has to try to get over that. It’s a shame because he had a
great first half.

“(His reaction could be) explained by the fact that he has been
injured so many times from bad tackles that he lost a little bit quickly his
nerves. This boy has been out for a long time and many times.

Certainly the tackler provoked his reaction.”

While Wenger’s immediate reaction to his side’s capitulation was
fairly restrained, he will be concerned that another certain win was frittered
away.

Before Christmas they blew a two-goal lead against bitter rivals
Tottenham Hotspur to lose 3-2 and at the end of last season, with their title
hopes still alive, they conceded three times in the final 10 minutes to lose
3-2 at Wigan Athletic.

They also surrendered a two-goal lead against West Ham United
last season, giving further ammunition to the critics who accuse Arsenal of
lacking the steel they used to demonstrate in the days when Patrick Vieira
bossed the midfield.

Tiote’s first goal

While Arsenal were left deflated, Cheik Tiote’s late screamer
for Newcastle meant the club ended a difficult week on a high. Striker Andy
Carroll’s 35 million pounds deadline day sale to Liverpool was followed by
Shola Ameobi cracking his cheekbone in the midweek defeat by Fulham, sparking
fears of a slide towards the relegation zone.

Manager Alan Pardew, however, praised the fighting spirit shown
after a dreadful first half.

“When you’re 4-0 down after 26 minutes and you haven’t made a
challenge or got close to anyone you fear the worst, and I did fear the worst,”
Pardew told the club’s website.

“We were a disgrace in some things we did in the first half but
we more than made up for it. We went out there and played like lions in the
second half.”

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Nsofor’s future depends on West Ham’s survival

Nsofor’s future depends on West Ham’s survival

Obinna Nsofor will have to wait until the end of
the season before finding out whether he will remain in England with West Ham
or head back to Italy to team up with Inter Milan.

Hammers, who have Nsofor on loan until the end of
the season, have the option to secure the Nigerian international on a permanent
deal.

But West Ham are currently in the middle of a
relegation battle with Sunday’s 1-0 defeat to Birmingham returning them to the
foot of the table with 24 points from 26 games, below Wolverhampton Wanderers,
who beat leaders Manchester United on Saturday, on goal difference.

Wigan Athletic complete the bottom three with 26
points while West Brom are just above the drop zone thanks to a marginally
better goal difference.

“He is a big player with big talent and we like
him. I think he wants to stay here,” said West Ham manger Avram Grant about
Nsofor.

“We like him but we will have to wait until the
end of the season.”

Nsofor’s recent performances for the Hammers
appear to suggest that he will be grabbing a deal come the end of the season
but that is if the East London side avoid relegation.

Slow start

Despite a slow start to his career with the Hammers, as well as
the ignominious dismissal against Birmingham in the League Cup semi-final,
Nsofor has managed to find his best form in recent weeks hitting the back of
the net five times in his last three games.

The highpoint for Nsofor arrived in the FA victory over
Nottingham Forest where he netted a hat-trick coupled with his trademark
somersaults and back flips.

And Grant has no issues with Nsofor’s mode of celebrating his
goals and hopes he gets to grab more goals.

“I don’t have a problem with his somersaults,” Grant said ahead
of Sunday’s loss to Birmingham. “I hope he will have a lot of reasons to do
them again this season.

“It took him time to adjust this season because he didn’t play much in
Italy, but he is playing well now.”

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Venue could rule Mikel out of friendly

Venue could rule Mikel out of friendly

John Obi Mikel may not feature in Wednesday’s international
friendly against the Leone Stars of Sierra Leone owing to the state of the
playing surface of the match venue, according to reports.

The Teslim Balogun Stadium in Lagos, the venue for the game, has
an artificial playing surface, and that could be harmful for Mikel, who only
returned to club duties with Chelsea recently after undergoing surgery.

Mikel featured for Chelsea in Sunday’s hugely anticipated duel
against Liverpool, but according to a report on Kickoff.com, officials of the
Nigerian team have disclosed that Mikel, as well as his club’s medical crew,
have informed Super Eagles coach, Samson Siasia that the midfielder would be
unable to train or play on the TBS playing surface owing to his recent injury.

The Nigerian suffered a knee injury after a late challenge by
Arsenal’s Robin Van Persie back in December and was out of action for about
four weeks.

Pros and cons

Artificial turfs are more likely to cause injuries than natural
turfs, and in the case of Mikel, his doctors say they could cause his knee to
swell.

Also, some artificial surfaces cause burns or abrasions on skin
surfaces while most tend to be much hotter than natural grass when exposed to
the sun.

Exposure to the sun is not expected to be a problem on Wednesday
as the game is billed to kickoff at 7pm local time.

More so, in recent years, artificial playing surfaces using sand
or rubber infill, such as the ones situated at TBS, as well as at the nearby
training pitch of the National Stadium, have been developed and are generally
regarded as being about as safe to play on as natural grass.

Siasia arrives

While Mikel’s participation is in doubt, the match will be the
first game the Super Eagles will play under Siasia who flew into Lagos last
night in the company of all his coaching assistants except Salisu Abubakar.

Abubakar remained behind in Abuja to oversee Monday and
Tuesday’s training sessions of the home-based members of the Super Eagles ahead
of their upcoming international engagement in the United States before hitting
Lagos on match day.

Also expected last night were the duo of Peter Utaka and Ahmed
Musa who were both on target for their respective European clubs.

Osaze Odemwingie, who was in the West Brom side which suffered a 3-0 loss to
Manchester City on Saturday, was also expected last night, with the remainder
of the invited players expected to come in today, including Victor Anichebe.
Anichebe replaces the injured Shola Ameobi, while Inter Milan’s Joel Obi, takes
the place of Ikechukwu Ibenegbu who is also injured.

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Galadima calls for support ahead of elections

Galadima calls for support ahead of elections

With the coast now clear for him to contest for
one of the executive seats of both the Confederation of African Football, and
FIFA’s General Assembly, former Nigeria Football Federation (NFF) boss, Ibrahim
Galadima has called for support from the country’s football community.

“The position is Nigeria’s position; Galadima’s
name was just forwarded as the candidate to run for that office to represent
Nigeria. I am sure the authorities in Nigeria are aware of the time left
between now and the 23rd of February so am sure they know what to do in terms
of getting across to other African countries so that Nigeria does not lose that
seat. I hope everybody puts in their best to see that we get a good result at
the end of the day,” Galadima said on a local radio station.

The Appeals Committee of FIFA had on Friday
upheld the three year ban and fine handed to Amos Adamu who was the former
representative of the country in the two football bodies but Galadima sees no
reason to celebrate the downfall of a compatriot.

In November 2010, Adamu was banned as well as
fined by FIFA for breaching their code of ethics after he allegedly demanded
for money ($800,000 – N120 million) during a sting operation by the British
newspaper, Sunday Times, and he asked that the money, which he demanded to
build artificial football pitches in Nigeria be paid into his private account.

Though Galadima stands to gain from Adamu’s
problems, he says he is not happy it happened.

“Not at all I am not celebrating Adamu’s
misfortune; it’s not in my character to celebrate other peoples down fall” he
said.

No need to worry

With barely sixteen days to the CAF elections in Khartoum,
Sudan, former Nigerian International, Adokiye Amiesimaka has dispelled fears
expressed in some quarters that Nigeria’s chances in the elections will be
affected by the snag on the country’s image following the “cash for vote”
scandal involving Adamu.

Amiesimaka said: “On the surface we might be affected but I am
sure members of the international community are sensible more than that, there
are individuals all over the world that are crooks, it doesn’t matter where
they come from. We have crooks from all over the world, so if one has been
found out in a particular country it doesn’t mean that everybody from that
country is a crook.

“However for certain, aside that it is a big embarrassment,
everybody coming from Nigeria will be looked upon with suspicion; that is
natural but that does mean it will seriously jeopardise our chances at the
elections in CAF and FIFA, ” the former national team winger added.

Galadima is expected to jostle for one of the FIFA seats reserved for CAF
with Jacques Anouma from Cote d’Ivoire, Danny Jordaan from South Africa, riding
the crest of a successful World Cup hosted by his country and Mohamed Rouaroua
from Algeria.

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Federal government to offer loans to private medical institutions

Federal government to offer loans to private medical institutions

In a bid to boost the health sector of the country, the federal
government has promised to offer free loans to private medical institution
owners. It also said that it would encourage public/private partnership, and
give support too in the provision of modern facilities for the needs of
Nigerians.

The Minister of Health Onyebuchi Chukwu made this known over the
weekend in Abuja during a free prostate cancer screening exercise organized by
a private clinic, Chivar Clinic and Urology Centre in collaboration with the
Ministry of Health in commemoration of the 2011 World Cancer Day.

Mr. Chukwu urged Nigerian men to test for prostrate cancer,
insisting that early detection can lead to a cure. He also said that the
ministry would embark on free public cancer screenings in all the local
governments in collaboration with the Association of Local Governments of
Nigeria. The minister and his entourage got screened for prostate cancer after
which they went on a tour of the clinic’s facility and equipment.

Earlier in the day, the minister had flagged of the public HPV
vaccination of girls from age 9-15 who received the vaccine freely at the
conference hall of the Ministry of Health.

Meanwhile, the chief medical director of the Chivar Clinic and
Urology Centre, Uzoma Azodo, said that figures showed that two new prostrate
cancer patients were seen every two weeks at the National Hospital, Abuja.

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‘Amnesty to militants has enhanced air safety’

‘Amnesty to militants has enhanced air safety’

Nigeria’s largest
helicopter company, Bristow Limited, has said that the federal
government’s amnesty programme for militants has improved the level of
aviation safety in the area. Describing the amnesty initiative as one
that has “positively worked” for the aviation industry, the carrier
whose major operations in the country revolves around the Niger Delta
region explained that prior to the pardon for militants in the region,
its operations and those of other airlines were hampered as the
combative youths occasionally attacked their facilities with arms.

“The amnesty has
worked. Before the amnesty, we were concerned because we needed to fly
at a very high level to avoid arms fire. As long as our clients tell us
that it is a hot area, we don’t go there,” said Akin Oni, managing
director of the helicopter company, during a briefing at the company’s
head office in Lagos over the weekend.

Mr. Oni explained
that before the amnesty, Bristow and other helicopter companies and oil
firms within the region had been working together in the sharing of
intelligence in order not to fall victim to assaults from the
militants, adding that carrier, which has over 90 percent of its
investment in the Niger Delta often stayed away from the area whenever
there was trouble.

“Once again, I will
say that the amnesty has worked. The oil companies have been very
cooperative; we are not a military service. Once there is possible
trouble in the area, we don’t go there, so we work on the intelligence
to avoid losing our facilities,” he said.

Last year, the
federal government of Nigeria through the Niger Delta Development
Commission declared amnesty to militants in the region, who before the
official pardon from the government, engaged in the destruction of
lives and property in a bid to press home their demands.

“You will agree
that the level of unrest in the Niger Delta, which had drastic effects
on the economy of the country, was calmed after the government
intervened in the form of amnesty last year,” said Beggi Fidelis, camp
support staff and an ex-militant during the recent unveiling of 212
transformed ex-militants in Lagos being prepared for vocational
training in Ghana.

Meanwhile, Mr. Oni
disclosed that the airline was working to ensure that safety in the
industry is sustained, as he noted that the forthcoming safety and
security seminar being organized by Bristow would focus on the need to
guarantee an accident-free aviation sector in Nigeria.

“There are
insinuations that it is not possible not to have accidents, we believe
it is possible. Accidents don’t just happen, several things happen
before you get to that terrible situation where you have to go and
clean up blood,” he said. “What we are interested in is zero accident
and that is what we are doing.”

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Tinubu calls for true federalism

Tinubu calls for true federalism

Former governor of Lagos state, Bola Ahmed Tinubu yesterday in
Osogbo, Osun state restated his call for true federalism as the only panacea to
the nation’s political and economic problems. Speaking at the official
unveiling of the coat of arms of the government of Osun state and its flag, Mr.
Tinubu stated that the only path to economic growth was for the country to
return to a federal system of government.

“For this country to return to the path of progress, honour and
economic buoyancy; there is need for us to return to true federalism,” he said.
“This will allow every federating unit in the country to develop at its pace.”

The ACN leader urged the people of the state to give the
governor, Rauf Aregbesola, maximum support in his efforts at restoring the
state to the path of honour and economic independence.

“It’s about time for us the progressives in this country to
translate the country’s potentials into reality,” he said. “Let us show that we
can turn around the country for the benefit of all of us.”

The state governor, while unveiling the new coat of arms for
the state tagged “Ipinle Omoluabi” at a programme to commemorate the rebranding
of the state, called on the people to return to the old golden era and put the
interest of the state above theirs. He explained that the rationale behind
rebranding the state was to return the state to the old era of governance where
service was the hallmark of governance.

Mr. Aregbesola who recalled the achievements of the premier of
the defunct Western region, the late Obafemi Awolowo, stressed that the Yorubas
had always been at the forefront of development in the country. He restated the
commitment of his administration to good governance, democracy, due process and
rule of law.

Tinubu’s attack

In his speech, Mr. Tinubu faulted the reported claim by the
speaker of Osun State House of Assembly, Adejare Bello, that the former
governor of the state and now the national chairperson of the ACN, Bisi Akande,
lost the 2003 governorship election to the People’s Democratic Party because of
Mr. Akande’s retrenchment of civil servants in the state.

Mr. Tinubu stated that Mr. Akande lost the election to the
PDP’s rigging which was bent on chasing out the progressives out of the
southwest by all means. The event was witnessed by Nobel Laureate, Wole Soyinka
and the national chairperson of the Action Congress of Nigeria, Bisi Akande.
Others included the son of late human rights activist Gani Fawehinmi, Mohammed
and Akinwumi Ishola.

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Don’t quit PDP, Jonathan tells Atiku, others

Don’t quit PDP, Jonathan tells Atiku, others

President Goodluck Jonathan has asked members of Peoples
Democratic Party (PDP) who were defeated in the party’s recent primary elections
to have a spirit of sportsmanship.

He stated this at a dinner in Abuja at the weekend where he
formally dissolved the Jonathan/Sambo Campaign Organisation, which handled his
campaign for the primaries.

Apparently jolted by the rate at which failed aspirants on the
party’s platform were defecting to other parties as well as the threat by
others to do so, Mr Jonathan said such action does not only portray them as
non-committed members, but amounts to anti-party activities.

“I advise people who did not secure their tickets not to leave
the party even if you were not a candidate today you will be one tomorrow. It
is anti-party to leave PDP and pick ticket from another party only to return to
the PDP. You should rather remain there,” Mr. Jonathan said.

Vice President Namadi Sambo in his remarks called on party
members to join hands to ensure the collective victory of the party at the
general elections while also reaffirming the ‘one man one vote’ assurance of
the government.

Also speaking, Senate President, David Mark urged the losers to
behave like Hillary Clinton by joining the winners to campaign for the victory
of the party.

Scores of PDP members across the federation who lost during the
governorship, senatorial, House of Representatives and State House of Assembly
primaries have either left the party or are at the verge of leaving.

Former vice president and presidential aspirant, Atiku Abubakar,
who lost the Presidential primary, has already dragged Mr Jonathan to the
Independent National Electoral Commission (INEC) alleging that the exercise was
marred by bribery, coercion and rigging.

Mr Abubakar had previously said he would not leave the ruling
party but stated last week that he was ready for dialogue.

Mr Jonathan assured those at the dinner, including governors,
ministers and party chieftains that if those planning to defect change their
minds they will be accommodated in the party.

He thanked the governors for their tireless efforts,
cooperation, contributions and for assiduously working hard to ensure his
victory in the primary.

The president announced the formal disbandment of the
Jonathan/Sambo Campaign Organisation, saying it was imperative to pave way for
a larger campaign structure to be constituted by the PDP national leadership to
oversee the preparation for the main presidential election, which comes up on
April 9.

Campaign kicks on

Stating that it will be the beginning of the real campaign, Mr
Jonathan said that his nationwide campaign will be flagged off today (Monday)
in Lafia, the Nasarawa State capital in the North Central geo-political zone
after which the campaigns train will move to the five other zones.

The campaign will move to Ibadan (South West), Bauchi (North
East), Enugu (South East) and Port Harcourt (South-South).

Also speaking at the dinner, the acting national chairman of the
PDP, Bello Mohammed expressed gratitude to the Jonathan/Sambo Campaign
Organisation headed by the Dalhatu Tafida, Nigeria’s High Commissioner to the
United Kingdom.

He added, “PDP is the party to beat and Nigerians have realised
this. That is why PDP’s ticket is worth fighting for. So what we are witnessing
within the party is not fighting as a lot of people term it but competition for
tickets because it is the winning party and in President Jonathan we have found
a sellable candidate that will take us to the Promised Land.”

Mr Mohammed said that the party is ready to face the challenges
of the elections, saying “the way to earn respect and confidence of the people
of this country is to reach out to them. I say this because while PDP was going
round campaigning, a lot of our opponents were busy going to court.

“Once we launch the campaigns, we are not going to rest until we
deliver victory come April 2011. This time around, the President has promised
‘one man, one vote.’ We are going to win fair and square. PDP is for all
Nigerians and we are all co-founders and co-joiners.”

The acting chairman pledged to accommodate members of the organisation in
the larger campaign outfit to be constituted by the party.

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Daniel vows to fight Obasanjo to the finish

Daniel vows to fight Obasanjo to the finish

“We are in a marathon war, and in this particular fight, we will
fight it to its logical conclusion.”

That was the pronouncement made by the Governor of Ogun State
Gbenga Daniel yesterday as he addressed supporters at the inauguration of
campaign committees held at Valley View auditorium in the government house,
Abeokuta.

Two factions headed by Mr. Daniel and former Nigerian president,
Olusegun Obasanjo, held parallel primaries to select the People’s Democratic
Party candidates for the forthcoming general elections in the state. Tunji
Olurin had emerged as the PDP gubernatorial candidate for the Obasanjo faction
while Gboyega Isiaka was elected in Mr. Daniel’s faction. Now both groups are
embattled in a series of legal suits to determine who will ultimately get the
top nominee spot.

“We have started this war since 2006,” the governor told his
supporters, “and I want you to shine your eyes.”

The governor claimed he had done everything possible to appease
the Obasanjo faction of the PDP, “yet the camp had remained difficult”.

“Therefore, at the stage the situation gets now, you cannot be
in the river and complain of cold,” Mr. Daniel said.

He added that those pushing Tunji Olurin to become governor, knew
that he (Olurin) could not win an election even in his Ilaro hometown.

War song

“They even used opposition media to fight us, an indication that
they are working together with [the] opposition party to destroy our party and
later move out,” said the governor.

Continuing the allegations against Mr. Obasanjo’s faction, Mr.
Daniel said that the political war against him started in 2006, with the
stealing of his administration vouchers as a way to implicate him. The governor
recalled that a number of his cabinet members were quizzed by the Economic
Financial Crimes Commision (EFCC), but eventually came out unscathed.

“Those who steal vouchers to nail me, where are they today?” he
said. “We were harassed and intimidated, but God was on our side. I am not
personally surprised with what we are witnessing today. You should not be
shocked because of what we have been facing.”

Insisting that his camp would produce all the candidates to contest the
elections, Mr. Daniel who also sang some Yoruba war songs, assured his
supporters that “by May 29, we will successfully transit to the government of
our choice.”

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FINANCIAL MATTERS: Understanding the sovereign wealth fund

FINANCIAL MATTERS: Understanding the sovereign wealth fund

The fate of the
Excess Crude Account (ECA) speaks to the need for clarity on the
reasons why we held funds in the account in the first instance; and why
we should look forward to keeping it (or anything that looks like it,
including through a Sovereign Wealth Fund – SWF). Two things matter in
considering these dimensions of the ECA. First, was the seeming
hurriedness with which government ran through the accounts; and second,
the purposes for which it was run down. Both these considerations have
fed popular angst over the spendthrift policies of managers of the
economy. Yet, the ECA started life as a fairly decent idea.

Convinced that the
thirty years during which the story of public infrastructure decay in
this country was told, and the economic waste that accompanied the
1970s oil boom could have been avoided if managers of the economy had
been more circumspect, the second Obasanjo administration (after 2003)
agreed an “oil-price-based fiscal rule”. According to the then finance
minister, the proximate goal of the rule “was to constrain spending by
transferring oil revenues to the budget in accordance with a reference
price,

together with a
ceiling on the non-oil deficit”. What remained of all revenues from
crude oil sales after this, ended up in the ECA.

Part of the problem
with the rule however, was that between 2004 when the rule was adopted,
and the enactment by President Umaru Yar’Adua in November 2007 of the
Fiscal Responsibility Act, the oil-price-based fiscal rule operated in
a legal vacuum. In other words, until this enactment, the only defence
all this time,

against bad governance and entrenched corruption were the good intentions of those in power.

We have since seen
that good intentions clearly would not do for managing an economy like
ours. Nonetheless, the volatility of our main revenue source makes
saving a portion of our earnings a wise choice. First (the
stabilisation function) to address the volatility associated with oil
prices and volumes in the international markets. Then (as part of a
trans-generational compact), to ensure that future generations benefit
from current consumption of what is essentially a non-replenishable
resource.

Having agreed to
save, the next query is what kind of instruments we should be looking
to put the savings in. The stabilisation part of this responsibility
recommends a short-term investment horizon, ensuring that funds are
available as needed; while the trans-generational compact demands a
longer horizon. Across this asset allocation spectrum, though, lies a
plethora of instruments into which we could put our national savings.

A couple of
arguments then matter. One, as argued by a recent IMF working paper on
the “Investment Objectives of Sovereign Wealth Funds”, “If a country’s
income is dependent on one (or even a few) real assets, it would be
natural according to portfolio theory to diversify this dependency by
investing in financial assets that have a negative or low correlation
with the real assets”.

In other words, we
must seek to put our national savings in investment vehicles whose
prices or yields move up when that for crude oil is down; and vice
versa.

Second, given that
national savings of the type contemplated here would be funded almost
100% from crude oil sales, asset allocation decisions would have to
factor in the country’s proven reserves of crude, the risk outlook for
oil prices on the international markets, and oil market cycles.

Worried by all of
this, it became important to understand what government is proposing to
do through the sovereign wealth fund (SWF). If the draft bill to
establish the Nigeria Sovereign Investment Authority serves any
purpose, the SWF has been set three investment objectives: a “Future
Generations Fund”; the “Nigeria Infrastructure Fund”; and the
“Stabilisation Fund”. In this sense, the proposed sovereign wealth fund
is everything that an SWF should be, bar being a pension reserve fund.
It aims in this regard to “establish a diversified portfolio of
appropriate savings and growth investments for the benefit of future
generations of Nigerians”; a “portfolio of investments specifically
related to and with the object of assisting the development of critical
infrastructure in Nigeria”; and a “portfolio of liquid investments to
provide supplemental stabilisation funding based upon specified
criteria and at such time as other funds available to the Federation
for stabilisation need to be supplemented”.

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