Pension Fund: FG Dumps Plan To Borrow N2trn   The Federal Government may have bowed to mounting opposition from labour and other stakeholders against its plan to borrow N2tr from the nation’s N10tr pension assets to finance yearning gaps in infrastructure. Fielding questions when she met with...

NECA Criticizes Plan To Borrow N2trn Pension Fund   The Nigeria Employers’ Consultative Association has condemned moves by the Federal Government to borrow N2tn from the Pension Fund. The government had indicated the intention to borrow from the fund to augment infrastructural development in the country. NECA said...

Labour Against FG Plan To Borrow N2trn From Pension Fund   The Nigeria Labour Congress (NLC) on Tuesday kicked against plans by the Federal Government to borrow N2 trillion from the Contributory Pension Fund of N10 trillion for infrastructural development. Its President Comrade Ayuba Wabba, who spoke...

‘N2trn Pension Fund For Infrastructure’ll Come Via Bonds’   The N2trn proposed to be raised from the Contributory Pensions Fund for investment in infrastructure development will be through bonds, according to findings by The PUNCH on Wednesday. A National Economic Council source told The PUNCH in Abuja,...

Buhari Okays Committees For N2trn Mambilla Power Plant   President Muhammadu Buhari, has approved the constitution of two committees for the Mambilla Hydroelectric Power Project in Taraba State. He approved the Inter-ministerial Steering Committee and Project Delivery Committee for the N2tn power project. The Minister of Power, Sale...

Non-oil Exports Doubled To N2trn In 2019 — FG   Federal Government said the nation’s non-oil exports doubled from about N1 trillion to N2trn between 2018 and 2019. The Minister of Information and Culture, Alhaji Lai Mohammed disclosed this at a media briefing in Lagos on Monday...