< 1 mn read
The Nigerian government has assured the public of the safety and security of the country’s N20 trillion pension fund. Minister of Finance, Wale Edun, addressed concerns in a statement on Thursday, following criticisms from labor unions regarding potential tampering with the fund. Edun clarified that there are strict regulations governing the pension industry, ensuring the protection of workers’ savings. He emphasized that the government has no intention of exceeding these regulations and denied allegations of borrowing the pension fund for infrastructure development. Instead, there is an initiative to explore how these funds can be used within legal bounds to drive investment in key growth areas.
