The Peoples Redemption Party (PRP) has cautioned the federal government against the planned raid of the pension fund.
It added that the decision to tap into the pension fund, which was meant to provide for the financial security of retired workers, was a clear indication of the government’s lack of vision and accountability
The Ag. National Publicity Secretary, Muhammed Ishaq, in a statement issued Friday described the move as not only improper but a betrayal of the trust of Nigerian workers.
He also described the move as a desperate attempt to plug the holes in its porous budget and finance its reckless spending habits.
The opposition party noted that this act falls short of the government’s commitment to being responsible and catering for the welfare of its citizens.
It, therefore, wondered why the government was choosing to raid the pension fund instead of exploring other legitimate sources of funding.
Ishaq said: “Despite the government’s inability to improve workers wages to measure up with the standards in other parts of the world, it is perfecting plans to deplete the very contributions that Nigerian workers have made over the years from their meager salaries we all see as “unliving” wages.”
“Is it because they have exhausted all other avenues and are now left with no choice but to resort to this draconian measure?
“We suspect that this decision is driven by the government’s insatiable appetite for misuse and abuse of resources and its willingness to sacrifice the welfare of Nigerians for its own selfish interests.”
The PRP expressed concerned about the potential consequences of this decision on the economy and the livelihoods of Nigerian workers.
It added that borrowing from the pension fund would only lead to further inflation, economic instability, and a loss of confidence in the government’s ability to manage the economy.
