pension funds

  1. Nigerians Receive N14.2 Billion Relief from Pension Funds Amid Economic Hardships

    Nigeria Nigerians Receive N14.2 Billion Relief from Pension Funds Amid Economic Hardships

    Amid rising unemployment rates, Nigeria's National Pension Commission approved the disbursement of N14.2 billion to 8,651 individuals who experienced temporary job loss in the first quarter of 2024. The National Pension Commission (PenCom) has approved the disbursement of N14.2 billion to 8,651...
  2. Atiku Opposes FG's Move to Tap N20 Trillion Pension Funds for Infrastructure

    Nigeria Atiku Opposes FG's Move to Tap N20 Trillion Pension Funds for Infrastructure

    The Federal Government's decision to allocate N20 trillion from pension funds for infrastructure sparks controversy. Minister Wale Edun champions the move, citing available long-term funds and collaboration opportunities. Atiku Abubakar opposes, warning of pension regulations violations...
  3. Nigerians Alarmed by FG's Plan to Deduct N20 Trillion from Pension Funds for Infrastructure Projects

    Nigeria Nigerians Alarmed by FG's Plan to Deduct N20 Trillion from Pension Funds for Infrastructure Projects

    The Federal Government's approval to deduct N20 trillion from pension and life insurance funds for infrastructure development signals a strategic move towards economic growth. during Tuesday's Federal Executive Council (FEC) meeting, the Federal Government unveiled plans to allocate N20 trillion...
  4. Nigeria Business News

    Business Borrowing from pension fund could compromise scheme, erode confidence — Workers – The Guardian Nigeria News

    On Tuesday, December 31, the African Development Bank (AfDB) openly endorsed the idea of African countries spending part of their pension funds on infrastructure development. President of the AfDB, Dr. Akinwunmi Adesina... Read more via The Guardian Nigeria News – Nigeria and World News –...
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