The federal government has announced plans to use ₦17 trillion in pension funds to construct and rehabilitate 5,000 kilometers of roads across Nigeria.
Finance Minister Wale Edun revealed this in an online briefing, presenting the move as part of efforts to drive economic growth through private sector participation. However, concerns are mounting over transparency and the potential risks to retirees’ savings.
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Critics argue that Nigeria’s history of abandoned projects and financial mismanagement raises red flags. Pension funds are meant to secure the future of retirees, and stakeholders warn that using them for infrastructure without strong safeguards could be risky.
The government insists private sector involvement will mitigate risks, but details on project selection and oversight remain unclear. With inflation rising and economic uncertainty persisting, experts say greater transparency is needed before moving forward with the plan.
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