quarter, information provided by the National Pension Commission has disclosed. quarter, information provided by the National Pension Commission has disclosed.
Observers are worried about where the federal government hopes to get the anticipated infrastructure investments as over 80 per cent of pension fund assets have been invested in its securities already. “And that is the strategy, so it’s two-pronged and we’re not pivoting towards this all-important growth and you say where were the resources coming from? Nigeria is resilient, Nigerians are resilient. And the fact is that even before we start looking to foreign investors, we start looking to foreign funding, there is available in Nigeria, long-term funds to fund infrastructure projects, and it’s within the pension.
“Your proposal to further leverage these funds for the purported betterment of housing and infrastructure raises serious concerns about fiscal prudence and responsible governance.”
PENCOM Pension Fund Wale Edun
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