Oil Price Fall: FG Moves To Use Pension Fund On Infrastructure - Politics

Oil Price Fall: FG Moves To Use Pension Fund On Infrastructure - Politics - Nairaland

Nairaland Forum › Nairaland General › Politics › Oil Price Fall: FG Moves To Use Pension Fund On Infrastructure (33339 Views)

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Oil Price Fall: FG Moves To Use Pension Fund On Infrastructure by Islie(op): 6:47am On Mar 22, 2020

By Ann Godwin,
The Federal Government may dip hands into part of the N9tr pension fund to finance infrastructure, especially road projects.

The Chairman, Senate Committee on Works, Mohammed Adamu Aliero, said this, yesterday, in Port Harcourt, while inspecting the ongoing Port Harcourt/Aba Road construction with his committee members.

He said: “There is a proposal, which is now before the Economic Council that part of the pension fund of N9tr should be used in funding some of the infrastructures, particularly road projects. When the proposal is approved by the government, it will be sent to the National Assembly for immediate approval.

” If we rely on annual budgeting, the money will not be enough to rehabilitate this infrastructure. We need extra funds, either by raising a bond or using pension funds. We will not use up 30 percent of the pension fund. The pension fund has been kept over a period of time and when we use about 30 per cent, we will generate it back by constructing toll gates. From the money realised from the tolls, we will pay it back.”

https://m.guardian.ng/news/oil-price-fall-fg-moves-to-use-pension-fund-on-infrastructure-aliero/

4 Likes 1 Share

Re: Oil Price Fall: FG Moves To Use Pension Fund On Infrastructure by Lonelyhrt1(m): 6:50am On Mar 22, 2020*

There's fire on the mountain, I hope we won't blame PDP or Covid-19 this time around cos this government is a government of blame.

This is my second FTC today and it's dedicated to me and my wife for our first marriage anniversary, it's not been easy but we make it through.

75 Likes 3 Shares

Re: Oil Price Fall: FG Moves To Use Pension Fund On Infrastructure by dumodust(m): 7:00am On Mar 22, 2020

Dem wan begin chop this one

75 Likes 2 Shares

Re: Oil Price Fall: FG Moves To Use Pension Fund On Infrastructure by Nobody: 7:10am On Mar 22, 2020*

Hmm

150 Likes 6 Shares

Re: Oil Price Fall: FG Moves To Use Pension Fund On Infrastructure by RapistOnBail: 8:07am On Mar 22, 2020

I recommend the government to cut down salaries of all Civil servants. After which they go for the corpers Allowee. Corpers are useless.

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Re: Oil Price Fall: FG Moves To Use Pension Fund On Infrastructure by tejpot(m): 8:08am On Mar 22, 2020

During our active years, na so so strike to get a basic pay and you will still owe us plenty months' salary. Now we can't even retire in peace again.

18 Likes 1 Share

Re: Oil Price Fall: FG Moves To Use Pension Fund On Infrastructure by lilprinze: 8:08am On Mar 22, 2020

When they were supposed to diversify the economy, and use the proceeds from oil to develop the country they were busy looting the money.

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Re: Oil Price Fall: FG Moves To Use Pension Fund On Infrastructure by OChimex: 8:08am On Mar 22, 2020

Watch how This 9trn will disappear in just a year and still yet no infrastructure to show for it.

Soulless Rogues......

Why not cut the cost of running this govt and divert the savings into the said audio infrastructure, instead of tampering with the fund meant for the poor old pensioners ?

Good morning a few good Nigerians. Word of advice, if you don't want to lose your sanity because of the insane thievery in govt and bastardization and raping of the country relocate and start a family somewhere else, because the way things look, Nigeria is irredeemable .

61 Likes 6 Shares

Re: Oil Price Fall: FG Moves To Use Pension Fund On Infrastructure by Nobody: 8:09am On Mar 22, 2020

lol. no more oil money they want to steal pension funds.

foolish government who think you develop a nation by prioritizing physical infrastructures, ignoring the human infrastructures

50 Likes 3 Shares

Re: Oil Price Fall: FG Moves To Use Pension Fund On Infrastructure by Sunnycliff(m): 8:09am On Mar 22, 2020

Was the pensioners consent sought before the use of this? This government that pay borrowed funds o

31 Likes 2 Shares

Re: Oil Price Fall: FG Moves To Use Pension Fund On Infrastructure by iCauseTrouble: 8:09am On Mar 22, 2020

Re: Oil Price Fall: FG Moves To Use Pension Fund On Infrastructure by TheNamezJhay(m): 8:09am On Mar 22, 2020

This country was never necessary

48 Likes 3 Shares

Re: Oil Price Fall: FG Moves To Use Pension Fund On Infrastructure by Gten(m): 8:09am On Mar 22, 2020

Why not use the recovered loot? if any.

23 Likes 1 Share

Re: Oil Price Fall: FG Moves To Use Pension Fund On Infrastructure by SWORD419(m): 8:09am On Mar 22, 2020

Meaning??

Re: Oil Price Fall: FG Moves To Use Pension Fund On Infrastructure by nrexzy: 8:09am On Mar 22, 2020

Way to go.... Let's all make sacrifice for our beloved nation....

1 Like

Re: Oil Price Fall: FG Moves To Use Pension Fund On Infrastructure by iammo(m): 8:09am On Mar 22, 2020*

Awusubilai!!!! pension what?!, God forbid bad joke PSA fund should be out of reach to crazy politicians

.

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Re: Oil Price Fall: FG Moves To Use Pension Fund On Infrastructure by Nobody: 8:09am On Mar 22, 2020*

They should give account

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Re: Oil Price Fall: FG Moves To Use Pension Fund On Infrastructure by vioment: 8:10am On Mar 22, 2020

Nna na wa o.

One chance news from leadership everyday.

4 Likes

Re: Oil Price Fall: FG Moves To Use Pension Fund On Infrastructure by omoadeleye(m): 8:10am On Mar 22, 2020

Another money spree for dem pot bellies polithiefcian

4 Likes

Re: Oil Price Fall: FG Moves To Use Pension Fund On Infrastructure by Adakintroy2: 8:11am On Mar 22, 2020

Notice how God quickly went to the top. Now that rationality and science is failing to find cure. Men now seek the devine.

Love to have that conversation now with those who said there is no God those atheist people lets now have that conversation

8 Likes 2 Shares

Re: Oil Price Fall: FG Moves To Use Pension Fund On Infrastructure by jaxxy(m): 8:11am On Mar 22, 2020

What is wrong with this government?

They just don’t know the Abc and 123 of how the economy works?? undecided

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Re: Oil Price Fall: FG Moves To Use Pension Fund On Infrastructure by obinnaoduduwa: 8:11am On Mar 22, 2020

Big trouble dey for front

Re: Oil Price Fall: FG Moves To Use Pension Fund On Infrastructure by Nobody: 8:11am On Mar 22, 2020

Basta.rds, this people are just hopeless and clueless. Why do we have a government that cannot save funds for emergency like this, imagine dipping hands in people's sweat.
Cut the cost of government, some of these useless senators have never proposed a bill, all they do is sleep and at the end of the day, they go home with fat cheques. Apple this to other sectors.
Work on providing 24/7 light/energy, security, good road network they won't hear, just playing politics with everything.

27 Likes 2 Shares

Re: Oil Price Fall: FG Moves To Use Pension Fund On Infrastructure by LordAdam16: 8:12am On Mar 22, 2020

Okay guys, our political class are vermin.

After squandering our oil&gas revenue, taxes, foreign aid, recovered monies, foreign & domestic loans, reserves, and more. They've aimed their corruption RPG at money the average Nigerian had socked away for retirement. Literally nothing is beyond them!

Buhari, there is no money in our pension coffers for you. If the money you and your band of 40 thieves have been siphoning away is not enough: Manage... Like the rest of us.

Anytime dem jor hear say e get where dem gather small money, na just to squander! Very hopeless set of human beings.

-Lord

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Re: Oil Price Fall: FG Moves To Use Pension Fund On Infrastructure by awa(m): 8:12am On Mar 22, 2020

Irresponsible Govt

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Re: Oil Price Fall: FG Moves To Use Pension Fund On Infrastructure by dharts: 8:12am On Mar 22, 2020

This country was created by mistake

8 Likes 1 Share

Re: Oil Price Fall: FG Moves To Use Pension Fund On Infrastructure by jolyment: 8:14am On Mar 22, 2020

Naija

Re: Oil Price Fall: FG Moves To Use Pension Fund On Infrastructure by wink2015(m): 8:14am On Mar 22, 2020

Cut down on the high cost of governance.

What stop our legislators from sitting part time.

Niger delta use their crude oil Pay ! Pay till crude oil price fell below 30 dollars.

What stop Northern Nigeria from developing their massive lands for Agricultural purposes and then foot the country revenue base.

10 Likes

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