BusinessDay
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Argentina’s failed pension grab holds lessons for  Nigeria 

… As FG’s record N4.6trn budget deficit in 2019 shows worsening fiscal health  

In 2008, Argentina’s leftist government thought cracking open the piggy bank of the country’s private pension system was a masterstroke, until it wasn’t. In need of cash to plug a gaping fiscal deficit after a global commodities bust hammered government revenue, Argentina’s President Cristina Kirchner proposed to nationalise the private pension system which had $30…



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