Economists and securities experts have reacted angrily to the Federal Government’s plan to deduct N20 trillion from pension funds for infrastructure development, saying government has no business with the investment returns of citizens. The Federal Government, apparently in dire need of cheap funds to finance its huge infrastructure deficit currently put at $3 trillion, had disclosed plans to pull N20 trillion from pension funds to finance infrastructure. Pension funds appear to be the best source of long-term capital to finance long-term investments like infrastructure development. However, stakeholders have raised concerns about the appropriate utilisation of the fund to deliver world-cl
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