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We Will Use Pension Funds For Infrastructure - FG.. - Politics (2) - Nairaland

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Reps Summon Ngozi Okonjo-Iweala, Others Over Stolen Pension Funds / FG Borrows N5trn From Pension Funds / FCT Residents To Pay For Infrastructure As Govt Backs Out – Minister (2) (3) (4)

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Re: We Will Use Pension Funds For Infrastructure - FG.. by FuckTheMod: 10:39am On Jan 19, 2017
grin
Re: We Will Use Pension Funds For Infrastructure - FG.. by voicelez: 10:39am On Jan 19, 2017
Why pension fund

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Re: We Will Use Pension Funds For Infrastructure - FG.. by Ngasky(m): 10:39am On Jan 19, 2017
T
Re: We Will Use Pension Funds For Infrastructure - FG.. by Jeoma11(f): 10:39am On Jan 19, 2017
Promises pon promises
Re: We Will Use Pension Funds For Infrastructure - FG.. by OBAGADAFFI: 10:39am On Jan 19, 2017
They want to kill StanbicIBTC, ARM, PAL and other pension custodians.

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Re: We Will Use Pension Funds For Infrastructure - FG.. by AdeOluwaTomiwa(m): 10:40am On Jan 19, 2017
Pension ke shocked wtf

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Re: We Will Use Pension Funds For Infrastructure - FG.. by ephi123(f): 10:41am On Jan 19, 2017
They must be joking!

Use pension funds for which infrastructure. Are these guys okay at all

2 Likes

Re: We Will Use Pension Funds For Infrastructure - FG.. by sniperr007(m): 10:45am On Jan 19, 2017
Ten12:
I thought this man is a lawyer how come he is always speaking for kemi adeosun...is he also VP finance?..who is actually heading the finance ministry so we can know who to hold responsible for all this unproductive socialist policies...

God bless u. Only if the 'youths' can ve small of ur sense.

1 Like

Re: We Will Use Pension Funds For Infrastructure - FG.. by rusher14: 10:46am On Jan 19, 2017
Use the idling pensions funds to bankroll utilities which would in turn be money spinners creating additional wealth for the pensioners.

If you built a road upon which millions of travellers would be tolled via pensions funds I believe it would be a win win.

The idea would be to de-risk such funds ensuring a guarantee of returns on investment.

1 Like

Re: We Will Use Pension Funds For Infrastructure - FG.. by Sanchez01: 10:49am On Jan 19, 2017
Pension funds People's sweat and blood for infrastructures Good grief! shocked

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Re: We Will Use Pension Funds For Infrastructure - FG.. by tiwiex(m): 10:50am On Jan 19, 2017
lipsrsealed
ScotsReferendum:
Buhari's government wants to loot our pension


Chaiiiii Afonjas have voted a thief oooooo that has no mercy for our tomorrow. angry angry


God help Nigerian workers angry

I thought PDP did nothing in 16 years. All other sources seems to be PDP sources. Telecoms, now pension. If na so PDP dey interfere in d system, there will only be 20m subscribers and no pension fund. After all d mouth they made, no idea for head.

3 Likes

Re: We Will Use Pension Funds For Infrastructure - FG.. by IVORY2009(m): 10:51am On Jan 19, 2017
rusher14:
Use the idling pensions funds to bankroll utilities which would in turn be money spinners creating additional wealth for the pensioners.

If you built a road upon which millions of travellers would be tolled via pensions funds I believe it would be a win win.

The idea would be to de-risk such funds ensuring a guarantee of returns on investment.

Good! Today make sense for the first time, kudos!!
Re: We Will Use Pension Funds For Infrastructure - FG.. by solidifi: 10:53am On Jan 19, 2017
What kind of nonsense is this? After paying tax which is meant for infrastructure, you still want to use my pension?
Buhari or whatever you call yourself, don't even try it.
WHAT NONSENSE.

1 Like

Re: We Will Use Pension Funds For Infrastructure - FG.. by Nobody: 10:55am On Jan 19, 2017
When will Nigerians have enough, will we all go meekly to the slaughtering slab like goats as the government kills us daily with their incompetence and stupidity, as for me am making plans to go very far away very soon and watch Nigeria collapses

1 Like

Re: We Will Use Pension Funds For Infrastructure - FG.. by idupaul: 10:57am On Jan 19, 2017
Bye bye to pension fund ...How does the govt hope to pay back the pension fund after squandering it ...Has any body noticed that this govt never suggest cutting down executive and legislative overheads

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Re: We Will Use Pension Funds For Infrastructure - FG.. by rusher14: 11:00am On Jan 19, 2017
IVORY2009:


[s]Good! Today make sense for the first time, kudos!![/s]
Re: We Will Use Pension Funds For Infrastructure - FG.. by idupaul: 11:01am On Jan 19, 2017
solidifi:
What kind of nonsense is this? After paying tax which is meant for infrastructure, you still want to use my pension?
Buhari or whatever you call yourself, don't even try it.
WHAT NONSENSE.

I warned months ago that Buhari doesn't have what it takes to make sound decisions and never will

2 Likes

Re: We Will Use Pension Funds For Infrastructure - FG.. by OBAGADAFFI: 11:04am On Jan 19, 2017
rusher14:
Use the idling pensions funds to bankroll utilities which would in turn be money spinners creating additional wealth for the pensioners.

If you built a road upon which millions of travellers would be tolled via pensions funds I believe it would be a win win.

The idea would be to de-risk such funds ensuring a guarantee of returns on investment.

How does the govt hope to pay back the pension fund, will they pay interest on the pensions?

The government can just dip their hands in people funds with proper payment plan.

I know Pension fund custodians will kick against these.

Pension fund is not MMM business.

3 Likes

Re: We Will Use Pension Funds For Infrastructure - FG.. by FantasticMrF0x: 11:18am On Jan 19, 2017
That has to be the silliest statement from the VP, i dont understand what the government is doing.....Workers who work for years and are paid peanuts all through 35years, only for them to come out and struggle to access same funds....i dont want to believe that its the same pension fund that they wanna use.....#SHAME

3 Likes

Re: We Will Use Pension Funds For Infrastructure - FG.. by HonabFaj(m): 11:19am On Jan 19, 2017
Ten12:
I thought this man is a lawyer how come he is always speaking for kemi adeosun...is he also VP finance?..who is actually heading the finance ministry so we can know who to hold responsible for all this unproductive socialist policies...


He is speaking in Davos ,Switzerland where he is represnting Nigeria at the world economic forum .

1 Like

Re: We Will Use Pension Funds For Infrastructure - FG.. by rusher14: 11:26am On Jan 19, 2017
OBAGADAFFI:


How does the govt hope to pay back the pension fund, will they pay interest on the pensions?

The government can just dip their hands in people funds with proper payment plan.

I know Pension fund custodians will kick against these.

Pension fund is not MMM business.

The pension funds administrators are actively looking for schemes in which funds would be invested. The government using PPP could invest in utilities from water to energy to parks to airports etc.

These are money generating businesses that people van hardly do without.

As I said earlier, to de-risk would be the major obstacle but that means the businesses in which these funds are applied should be guaranteed by extant Laws and provisions.
Re: We Will Use Pension Funds For Infrastructure - FG.. by Nobody: 11:28am On Jan 19, 2017
why not use the salaries of redundant senators to finance infrastructure? what sort of poor ill conceived decision is this

1 Like

Re: We Will Use Pension Funds For Infrastructure - FG.. by ogene007: 11:29am On Jan 19, 2017
rusher14:
Use the idling pensions funds to bankroll utilities which would in turn be money spinners creating additional wealth for the pensioners.

If you built a road upon which millions of travellers would be tolled via pensions funds I believe it would be a win win.

The idea would be to de-risk such funds ensuring a guarantee of returns on investment.
Please stop all that 'blah blah blah'. What have they been able to do with the extra monies they have been making from 50 naira stamp duty, and other tariff hikes. Stop coming here to speak textbook economics jargon that has never found relevance in Nigeria. We already have enough of such jargon from Adeosun while the economic recession continues to bite harder. They should just pack their bags and go rather than destroy what is left for the already battered and pauperized middle class. YOU APC THIEVES SHOULD LEAVE OUR PENSION ALONE!

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Re: We Will Use Pension Funds For Infrastructure - FG.. by etenyong(m): 11:32am On Jan 19, 2017
Osibanjo, I support this initiative. You are free to use my pension domicile @ IBTC but make sure thwt by the time I will need my pension in twenty years time there will be no stories.
Re: We Will Use Pension Funds For Infrastructure - FG.. by emi14: 11:44am On Jan 19, 2017
Prestywillz1:
By the time this govt is tru with them, small sence go enter some people head. I don't here singers, singing sai baba, anymore these days. They will never learn, that's their problem. And who suffers it more today now? Na them too. Imagine what vp is saying......

A lawyer. A father. A pastor or evangelist. Anti-corruption advocate. A Yoruba elite/elder. Shame unto you. Old pensioners should die? Am asking professor Osubanjo. Where is your senses?. Shame shame.

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Re: We Will Use Pension Funds For Infrastructure - FG.. by porozhniy(m): 11:56am On Jan 19, 2017
Almost two years in office and the VP still underestimates his thieving colleagues. If food and materials for the IDP's could be diverted, I wonder what makes him the pension funds will be spared once they get their hands on it.

1 Like

Re: We Will Use Pension Funds For Infrastructure - FG.. by rusher14: 11:58am On Jan 19, 2017
ogene007:

Please stop all that 'blah blah blah'. What have they been able to do with the extra monies they have been making from 50 naira stamp duty, and other tariff hikes. Stop coming here to speak textbook economics jargon that has never found relevance in Nigeria. We already have enough of such jargon from Adeosun while the economic recession continues to bite harder. They should just pack their bags and go rather than destroy what is left for the already battered and pauperized middle class. YOU APC THIEVES SHOULD LEAVE OUR PENSION ALONE!

What solutions do you have?

Re: We Will Use Pension Funds For Infrastructure - FG.. by OBAGADAFFI: 12:03pm On Jan 19, 2017
rusher14:


[b]The pension funds administrators are actively looking for schemes in which funds would be invested. The government using PPP could invest in utilities from water to energy to parks to airports etc.

These are money generating businesses that people van hardly do without.

As I said earlier, to de-risk would be the major obstacle but that means the businesses in which these funds are applied should be guaranteed by extant Laws and provisions.[/b]

Trust me no pension funds administrator will want to give that money to government for any reason.

1 Like

Re: We Will Use Pension Funds For Infrastructure - FG.. by rusher14: 12:13pm On Jan 19, 2017
OBAGADAFFI:


Trust me no pension funds administrator will want to give that money to government for any reason.




Pension funds administrators are always on the look out for investments.

If they would invest in Bonds they would invest in infrastructure.
Re: We Will Use Pension Funds For Infrastructure - FG.. by profmallor: 12:23pm On Jan 19, 2017
I support this. I don't see any reason why our Pension funds should not be allowed as collateral to access Mortgages. If Government leaves this money there is no guarantee the funds wont have being "wacked" by the time a huge portion of the populace go into retirement. This is Nigeria where lots of crazy things happen that should never have happened in the first place, i ld rather begin to access the funds now than wait till when i am retired.
Re: We Will Use Pension Funds For Infrastructure - FG.. by OBAGADAFFI: 12:47pm On Jan 19, 2017
rusher14:


Pension funds administrators are always on the look out for investments.

If they would invest in Bonds they would invest in infrastructure.

They already got better/safer source of investment for the funds,

Nigerian Pension Funds is already trading on the NSE.
Re: We Will Use Pension Funds For Infrastructure - FG.. by ScotsReferendum: 12:48pm On Jan 19, 2017
rusher14:


What solutions do you have?


Restructure Nigeria so each state can fully exploit their economic potentials.

Cut down government salaries and allowances especially the Legislative and Executive arms


Introduce technological/business education in primary secondary and higher institutions for all courses and Reward systems for outstanding citizens in these areas.

Strengthen YouWin by challenging the citizens to focus on imported technologies and exportable products by giving successful applicants $100,000 per applicant as government targets 3000 outstanding applicants yearly.

Build industrial parks with gas, solar, wind , biogas, etc electricity plants that is not connected to the national grind and eliminate tax for 10years for foreign industries willing to build new factories in those parks and indigenous entrepreneurs who won YouWin that set up their plants into those parks.

Set up a system that rewards individuals, families, communities, organizations etc who takes takes very seriously social economic responsibilities eg Rehabilitations of Schools, Hospitals, Roads, Psychiatric homes, Homeless Persons etc.


All these will help to increase wealth through citizens productivity at the same time reduce government burden through citizens corporate responsibilities.

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