Pension funds

‘Please give us ₦17 trillion’ | State governors are fast learning from FG’s borrowing prowess

One thing the Nigerian government is known for is its penchant for borrowing and total ignorance of the fact that the country could diversify and increase its IGR. The Federal government has often been the culprit, and now, state governments are following suit. The 36 state governors late November 2020, were said to have proposed to... Read More

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36 state governors propose to borrow N17 trillion, Pension funds, SERAP

May 5, 2016

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‘N1.159trn pension fund lying idle’

N1.159tn pension fund assets available for investment in infrastructure is currently lying idle, says the National Pension Commission. The commission revealed on Wednesday that only N1.36bn had so far been invested in infrastructural projects. Director-General, PenCom, Chinelo Anohu-Amazu, made this disclosure during a presentation to the House Committee on Pensions at the public hearing on... Read More

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