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Guyana’s $1.4bn oil savings avoid Nigeria’s folly

The tiny South American oil producer Guyana set up a Sovereign Wealth Fund in 2021 to avoid the mistake Nigeria made by eating all its oil income; now that fund has garnered over $1.4 billion while Nigeria’s, set up in 2004, has about $473 million. As Nigeria is set to record improved oil earnings from
read more Guyana’s $1.4bn oil savings avoid Nigeria’s follyBusinessday NGRead More

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