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unearned revenue

While our politicians (Oshio & co) have been busy squabbling over sharing of oil revenues and stealing the unearned revenue loot shared monthly to them over the past 60 years, Norway had set up an oil fund that has grossed over $6 billion to be invested in profitable real estate globally and even finding it hard to find sweet deals to spend on.

In Nigeria, we share, we steal, we look for thieves of oil revenues but continue the rogue system and we combine President/oil minister jobs. The only thing we don't do is to think about national prosperity, posterity and future of our children. Norway gives us the example of what happens when you don't just keep sharing oil revenues. Let us learn. That is where the change is.

Karsten Kallevig has a mandate to spend about $6 billion a year on high-end properties across Europe, North America and Asia. The snag: the freshly minted real-estate chief at Norway’s sovereign-wealth fund can’t find enough bricks for…
www.wsj.com|By Kjetil Malkenes Hovland
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