Thursday 29 September 2016

Recession: Operators uncomfortable as FG eyes N5.8tn pension fund

Pension operators in the country are increasingly getting uncomfortable with the moves being made by the Federal Government to use part of the N5.8tn Contributory Pension Scheme assets to fund infrastructure development and move the nation out of economic recession.

Operators, who spoke to one of our correspondents, said it was wrong for government officials and senators to accuse the administrators of the CPS of holding on to the fund when the economy was going through a difficult time.

They insisted that contrary to that position, the fund was actually not idle.

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