The Peoples Redemption Party, PRP, expressed deep concern over the recent announcement by the Federal Government regarding borrowing from the pension fund.
In a statement released by the acting National Publicity Secretary, Comrade Muhammed Ishaq, the move was strongly criticized as not only inappropriate but also a breach of trust towards Nigerian workers.
The decision to utilize the pension fund, which is intended to ensure the financial stability of retired workers, was condemned as a clear reflection of the government’s lack of foresight and transparency.
This action was portrayed as a desperate measure to cover up deficiencies in the budget and support extravagant spending practices.
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Despite the government’s failure to enhance workers’ salaries to align with global standards, it is alarming that they are considering depleting the hard-earned contributions of Nigerian workers from their meager incomes, which are already deemed insufficient.
The opposition party emphasized that this decision contradicts the government’s obligation to act responsibly and safeguard the well-being of its people.
PRP demanded an explanation for why the government opted to tap into the pension fund rather than seeking alternative legitimate sources of funding.
The party raised concerns about whether this choice was a result of exhausting all other options or a deliberate move driven by the government’s desire to exploit resources for personal gain at the expense of Nigerian citizens.
