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Nigerian workers are biggest losers in FG’s plan to raid pension funds for N2trn

… PFAs may be forced to buy bonds at 6-9%

Nigerian pensioners will be lending to the government at an interest rate well below inflation rate if the Federal government does dip its hands into pension funds. At the end of the National Economic Council (NEC) meeting last week, the council disclosed that the Federal Government had resolved to borrow N2 trillion from the current N10 trillion…

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