Nigeria’s Oyo and Lagos States Inch Towards Sub-National SWF Revolution

17th October, 2025
The Nigerian states of Oyo and Lagos are moving ahead with state-level sovereign wealth funds that, if properly executed, could reshape how sub-national governments finance growth, manage shocks and build credibility with long-term investors in Africa’s most populous country.The approaches diverge: Oyo has disclosed cash on deposit and articulated near-term...
The Nigerian states of Oyo and Lagos are moving ahead with state-level sovereign wealth funds that, if properly executed, could reshape how sub-national governments finance growth, manage shocks and build credibility with long-term investors in Africa’s most populous country.The approaches diverge: Oyo has disclosed cash on deposit and articulated near-term...

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