Udenwa, Theresa AUwaleke, Uchenna2023-12-102023-12-102011-09-16Helleiner E. (2011), The Geopolitics of Sovereign Wealth Funds: An Introduction, Geopolitics, Volume 2 Jen, S. (2007), “The definition of a sovereign wealth fund'\ London, Morgan Stanley Global Research. October. Morgan J. (2008), Sovereign Wealth Funds: A Bottom-up Primer, JP Morgan Research. June Report MONITOR GROUP (2010), Assessing the risks and behaviours of sovereign wealth funds in the global economy, Cambridge, Mass., Monitor Group. Monk. A (2008), “Recasting the Sovereign Wealth Fund Debate: Trust, Legitimacy and Governance”, Boston College. Nigerian Sovereign Investment Authority Act 2011 Ndanusa S. (2011) 'Nigeria's Sovereign Wealth Fund: Prospects and Tips for Getting it right' inFinancial Nigeria, amonthly development and finance journal ! Ochoa C. and P. Keenan (2009), The human rights potential of sovereign wealth funds, I Indiana press ; OECD (2008), “Sovereign Wealth Funds and Recipient Countries: Working Together to Maintain and Expand Freedom of Investment”. Available at http://www.oecd.Org/dataoecd/0/23/41456730.pdf.https://keffi.nsuk.edu.ng/handle/20.500.14448/968Following the passage of the Nigerian Sovereign Investment Authority (NSIA) bill by the National Assembly, Nigeria is set to join the league of countries operating the Sovereign Wealth Fund Beginning with a look at the conceptual issues surrounding a Sovereign Wealth Fund and the rationale for its creation, this paper x-rays the challenges and prospects therein based on existing literature. It notes that the operation of Sovereign Wealth Funds in many countries has been criticized for lack of transparency and political interference. Nevertheless, its successful implementation holds a lot of promise for a mono-product economy such as Nigeria in terms of ensuring macro-economic stability.enArticle