Welcome, Guest: Join Kenyans247 Log In!

Stats: 290 Members, 13,218 topics and 65 posts Date:  Thursday 22 October 2020 at 09:00 AM
Popular & Trending NewestFeatured Links ClassifiedDirectoryLivescoresLive Kenyan TVLive Kenyan Radio Follow Us Like Us

About Us Terms & Conditions Privacy Policy FAQ's Disclaimer Copyright Contact Us Advertise With Us Download K247 APP Marketplace Moderator Policy We Are Hiring Kenya Radio and TV Stations Listen and Watch Live Letter From the C.E.O Kenya Radio Stations Live Kenya TV Stations Live Kenya - Newspapers and News Sites and popular blog Forum Rules

Oil Price Fall: FG Moves To Use Pension Fund On Infrastructure

Kenyans247 / Kenyans247 / General / Naija Forums / Oil Price Fall: FG Moves To Use Pension Fund On Infrastructure

111 people viewed

Oil Price Fall: Fg Moves To Use Pension Fund On Infrastructure
(Go Down) (» Reply topic)
Oil Price Fall: FG Moves To Use Pension Fund On Infrastructure by Kenyans247(1): Sun 22, March, 2020 02:19pm
By Ann Godwin,
The Federal Government may dip hands into part of the N9tr pension fund to finance infrastructure, especially road projects.

The Chairman, Senate Committee on Works, Mohammed Adamu Aliero, said this, yesterday, in Port Harcourt, while inspecting the ongoing Port Harcourt/Aba Road construction with his committee members.


He said: “There is a proposal, which is now before the Economic Council that part of the pension fund of N9tr should be used in funding some of the infrastructures, particularly road projects. When the proposal is approved by the government, it will be sent to the National Assembly for immediate approval.

” If we rely on annual budgeting, the money will not be enough to rehabilitate this infrastructure. We need extra funds, either by raising a bond or using pension funds. We will not use up 30 percent of the pension fund. The pension fund has been kept over a period of time and when we use about 30 per cent, we will generate it back by constructing toll gates. From the money realised from the tolls, we will pay it back.”
https://m.guardian.ng/news/oil-price-fall-fg-moves-to-use-pension-fund-on-infrastructure-aliero/

0 Shares 0 Like •

(» Go Up)

You must Sign in or Sign Up to post content

For you to post content on this website you have to log in or register, it only take few minute to create account

Go Up

Recommended for you

Oil Price Fall: Fg Moves To Use Pension Fund On Infrastructure

Currently: 1 guest(s) reading this article

Sections: Health, Religion, Culture, Pets, Africa, Education, Webmasters, Phones, Innovation, Building/Architecture, Gossip, Events, Celebrities, Music/Radio, Literature, Somalia Forum, Ugandan Forum, Tanzania Forum, South Sudan Forum, Burundi Forum,

About Us | Terms & Conditions | Privacy Policy | FAQ's | Disclaimer | Copyright | Contact Us | Advertise With Us | Download K247 APP | Marketplace | Moderator Policy | We Are Hiring | Kenya Radio and TV Stations Listen and Watch Live | Letter From the C.E.O | Kenya Radio Stations Live | Kenya TV Stations Live | Kenya - Newspapers and News Sites and popular blog | Forum Rules | Featured LinksFollow Us on TwitterLike Us on Facebook

Kenyans247 - Copyright © 2019 - 2020 Sande Kennedy. All rights reserved. See How To Advertise.
Disclaimer: Every Kenyans247 member is solely responsible for anything that he/she posts or uploads on Kenyans247.