Labour kicks against FG’s plan to borrow pension funds for infrastructural development

  • 📰 GuardianNigeria
  • ⏱ Reading Time:
  • 47 sec. here
  • 7 min. at publisher
  • 📊 Quality Score:
  • News: 39%
  • Publisher: 94%

FG News

Infrastructural Development,Joe Ajaero,Nigeria Labour Congress (NLC)

Organised labour has warned the Federal Government against going ahead with its intention to withdraw about N20 trillion from the pension f

unds for infrastructural development.

According to them, it is imperative to halt any further plans to tap into the funds, especially given the lack of transparency and accountability in past government borrowing practices. They argued that the government’s proposal to further leverage the funds for the purported betterment of housing and infrastructural sectors raises serious questions about fiscal prudence and responsible governance.

They therefore insisted that it was incumbent on the government to prioritise alternative sources of funding that do not imperil the financial security of Nigerian workers. Governor Abba Kabir Yusuf of Kano State on Friday joined his Northwest counterparts on advocacy meeting with the officials of United Nations in Abuja. Those at the meeting alongside Yusuf were Governors of Kaduna, Uba Sani; Katsina, Ummaru Dikko Radda; Jigawa, Mohammad Namadi; Zamfara, Dauda Lawan Dare; and the deputy governor of Sokoto State…

Infrastructural Development Joe Ajaero Nigeria Labour Congress (NLC) Organised Labour Pension Funds

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in NG

Nigeria Latest News, Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Electricity tariff hike: Don’t derail transformation plan in power sector, FG begs organised labourTHE Federal Government on Tuesday pleaded with the organized labour not to truncate the transformation plan on the power sector as it concerns the new tariff regime
Source: vanguardngrnews - 🏆 5. / 75 Read more »

Electricity tariff hike: Organised labour pickets EEDC, NERC offices in EbonyiOrganized labour in Ebonyi State on Monday picketed the Enugu Electricity Distribution Company (EEDC) and National Electricity Regulatory Commission (NERC) offices in Abakaliki, capital of the state. The workers joined their counterparts across the country to protest the hike in electricity tariffs.
Source: DailyPostNGR - 🏆 11. / 59 Read more »

Electricity tariff hike: Organised labour pickets YEDC offices in TarabaActivities in the business office of Yola Electricity Distribution Company (YEDC) in Jalingo, the capital of Taraba State, were brought to a halt on Monday by organised labour in the state.
Source: DailyPostNGR - 🏆 11. / 59 Read more »

New minimum wage: How we arrived at N615,000 — Organised LabourThe NLC said the organised labour took into consideration all the necessary indices before arriving at N615,000 as the new minimum wage.
Source: vanguardngrnews - 🏆 5. / 75 Read more »

Organised Labour Gives FG May 31 Deadline For New Minimum WageThe Latest News from Nigeria and Around the World
Source: channelstv - 🏆 7. / 63 Read more »

Constitute minimum wage committee now – Organised Labour to Kwara GovtThe Organized Labour in Kwara State has called on the state government to quickly constitute a committee towards implementation of a new minimum wage for workers.
Source: DailyPostNGR - 🏆 11. / 59 Read more »