http://www.businessweek.com/news/2011-02-10/nigerian-wealth-fund-to-save-for-future-generations.html
Nigeria is aware that it's oil reserves aren't everlasting, and they're apparently working to find ways to reserve it. The government plans on saving 20% of it's assets from crude oil exports in 3 separate mutual fund type accounts. The accounts would be untouchable for the most part, though the finance minister can withdraw some funds from the Stabilization Funds under extreme circumstances.
The plan sounds smart at first glance, but keep in mind the country desperately needs help NOW. Why not use the money from oil sales NOW to open more plants, boost the economy, and reduce poverty? Seems like common sense to me...
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