OLUFEMI ATOYEBI Nigerian pensioners have expressed their fear over the proposal by the Federal Government to invest N2trn out of the N10trn pension funds on infrastructural development.
On Thursday, The National Economic Council was reported to have announced the resolve of the Federal Government to borrow the amount from the pension funds to finance the development of infrastructure.
While commenting on the plan in an exclusive interview with our correspondent, the Head of Information at the Nigeria Union of Pensioners, Bunmi Ogunkolade, said government should come up with an idea on how to pay pensioners instead of borrowing the money they contributed for their future after retirement.
“Apart from the provision of the Pension Act of 2014 , we do not support government taking money from funds contributed by workers. “We have workers that retired and have yet to be paid their gratuity. They are not paid because of some factors. If before borrowing their money, they are not paid by government, you can imagine what will happen after their money has been invested or borrowed by government. If actually there is money available, pay the pensioners.
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