Nigeria, March 8 -- Economies, much like ecosystems, are governed by forces both visible and invisible, balancing stability and disruption. In this way, sovereign wealth funds (SWFs) are not just financial instruments; they have the potential to be the deep roots of an economy, storing and redistributing resources across time. Done right, they enable countries to weather economic droughts, foster long-term growth, and cultivate resilience.

The Rain That Comes and Goes

Imagine an arid landscape. Rain comes in short bursts - torrential downpours that flood the land before quickly disappearing. Without deep-rooted trees or reservoirs to capture it, the water runs off, leaving little behind for the dry seasons. Many economies, especially th...