FG to borrow 2 trillion Naira from pension fund .

The Federal Government plans to borrow N2 trillion from the current N10 trillion pension funds to finance the development of infrastructure.

The decision was made at the National Economic Council (NEC) meeting presided over by the Vice President, Yemi Osinbajo in Abuja.

Kaduna State Governor, Mallam Nasir el-Rufai while briefing media at the end state of the meeting said that the decision of the Federal Government to pull N2 trillion out of the pension funds was reached by a NEC sub-committee.

According to him, the committee had identified three areas (rail, road and power) where the pension funds would be invested.


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