Atiku Abubakar, former Vice President of Nigeria, has denounced the federal government’s plan to utilize N20 trillion from pension funds for infrastructure projects, deeming it unlawful.
In a Wednesday statement on his social media platform, Atiku emphasized that the law stipulates only 5% of the fund can be allocated to infrastructure projects. He voiced concerns about Finance Minister Wale Edun’s proposal to tap into pension funds for national projects, warning of severe consequences for the workforce.
Atiku argued that diverting these funds, comprising the hard-earned savings of dedicated workers relying on their pensions, could have a devastating impact on the lives of numerous Nigerians who have served for years and are no now retired.
