NEC eyes N2tr pension funds for road, power projects

Fri Dec 20th, 2019 - Abuja (FCT)

NEC presided over by Vice President Yemi Osinbajo. Photo; TWITTER/NIGERIAGOV

Indications emerged yesterday that the National Economic Council (NEC) is to invest N2tr of contributory pension funds to facilitate the development of infrastructure, especially roads and power.

A summary of monthly pension funds for August released on October 15, 2019, indicate that Nigeria’s pension funds have grown to N9.44tr.

Kebbi State Governor, Atiku Bagudu who briefed State House Correspondents after the NEC meeting in the Presidential Villa, Abuja, yesterday said, “Up to 20 per cent of the pensions funds under the current law can be used for infrastructure development.




source: Guardian