Tinubu’s Govt Plans to Utilize N20trn Pension Funds for Infrastructure.
The federal government has announced plans to utilize the N20 trillion pension fund and other local resources for infrastructure development in Nigeria. Finance Minister Wale Edun revealed this strategy after a Federal Executive Council meeting chaired by President Bola Tinubu.
The initiative aims to address critical infrastructure needs and stimulate economic progress, including the provision of housing and long-term mortgage loans at low interest rates. However, former Vice President Atiku Abubakar criticized the proposal, labeling it illegal and expressing concerns about its potential negative impact on retirees. Atiku urged the government to adhere to pension laws and seek alternative reforms to address infrastructure deficits without compromising retirees’ savings.
Share News with us via WhatsApp:08163658925 or Email: naijaeyes1@gmail.com
Join Our Social Media Channels:
WhatsApp: NaijaEyes
Facebook: NaijaEyes
Twitter: NaijaEyes
Instagram: NaijaEyes
TikTok: NaijaEyes
