- President Buhari has been warned by the PDP not to touch the pension fund
- The APC is planning to use the money to fund some capital projects
- According to the opposition, with the huge debt incurred by the Buhari-led government, there is nothing on ground to justify same
President Muhammadu Buhari has been warned by the Peoples Democratic Party (PDP) not to touch the N2.1 trillion pension fund to implement infrastructural projects in the country.
Recall that Governor Nasir El-Rufai's committee recommended the use of the fund to implement capital projects.
The projects include power, which has been a major challenge in the country for decades.
The warning was given by PDP national publicity secretary, Kola Ologbondiyan.
He alleged that despite the huge debt incurred by the Buhari-led government, there is nothing on ground to justify same.
“There is nothing on ground in the area of infrastructures. In spite of their huge spending, how has this translated to good living for Nigerians?
“What we can see is the ostentatious living of All Progressives Congress, APC, members. So we can’t support any move to dip hands in pension funds to implement infrastructural projects.”
Legit.ng had reported that the federal government and the state governors are reportedly considering borrowing about N2 trillion from the Pension Fund to invest into roads, rail and electricity projects.
The governor of Lagos state, Babajide Sanwo-Olu, his Kebbi state counterpart Atiku Bagudu and the minister of finance, budget and national planning, Zainab Ahmed, gave the indication during a press briefing after the National Economic Council (NEC)’s 100th meeting on Thursday, December 18.
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