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SERAP asks Buhari to stop governors from borrowing N17trn from pension funds

Socio-Economic Rights and Accountability Project (SERAP) has sent an open letter to President Muhammadu Buhari urging him to use his “good offices and leadership position to urgently instruct the Director-General and Board of the National Pension Commission [NPC] to use their statutory powers to stop the 36 state governors from borrowing and/or withdrawing N17 trillion
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AfDB to promote economic, social infrastructure devt in Africa

AfDB’s investment lending increases to $2bn in 10 years ― Official

The African Development Bank (AfDB) Group says its annual private sector investment lending has increased from about 300 million dollars to two billion dollars in ten years. The bank’s Communication and External Relations Department made this known in a statement on Monday. According to the bank’s Senior Vice President, Charles Boamah,  the development represents the
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Akinwumi Adesina, AfDB, Buhari, Pension funds, Infrastructure

AfDB backs spending of Pension funds on infrastructure

Says with $1.8tn pension/sovereign funds Africa has no business borrowing abroad Puts continent’s infrastructure gap at $108bn By Johnbosco Agbakwuru President of the African Development Bank, AfDB, Dr. Akinwunmi Adesina, yesterday gave his support for Nigeria to spend pension fund on infrastructure. Adesina said with the continent’s $1.8trillion pension and sovereign wealth assets, it has
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