#SoundOff: The N6 Trillion Pension Fund That Fashola Said Should Be ‘Shared’

#SoundOff: The N6 Trillion Pension Fund That Fashola Said Should Be ‘Shared’

By Opinions | The Trent on January 25, 2016
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Buhari, Fashola, Power, Electricity, Nigeria, Firms
FILE: The All Progressive Congress presidential candidate, Gen. Muhammadu Buhari, pictured with Governor Fashola on Sunday, January 4, 2015 at the annual Lagos state thanksgiving service in Alausa, Ikeja Lagos. | StateCraft

by Abd Festus Yinka

Nigerians should be worried about the likes of Buhari’s super minister of Works, Transport and Housing, Tunde Fashola being a part of the highest decision making body of this regime.

Few years ago, Fashola was the arrow-head of a team of governors led by controversial Rotimi Amaechi who demanded that money accrued to the excess crude account be shared by the FG, states and LGs.

When then President Goodluck Jonathan and finance minister, Dr. Ngozi Okonjo Iweala refused to dance to their tune, they assembled a team of lawyers and sued the FG at the Supreme court. This was one of the controversies that splitted the Governor’s forum.

Today, Fashola and Amaechi are blaming Jonathan for the depletion of the same excess crude account.

Same Fashola is here again, this time around, he is pushing for Buhari’s Federal Government to use the funds saved by Nigerians as pension for building state infrastructures.

Nigerians must rise up against this.

FG must not be allowed to dip its hands into the N6 trillion savings of Nigeria’s working class. The allowable component for investment have already been hit by the crisis in the economy.

Mostly, government hardly remit its counterpart fund to PFAs for their staffs, they are owing Nigerian retires trillions of gratuities and pensions yet they want to start spending the contributory pension funds of Nigerian workers.

This is the height of impunity and Nigerians must rise up against it. That Fashola could drop the hint means they are already on it.

Abd Festus Yinka is a social and political commentator. Connect with him on Facebook

The opinions expressed in this article are solely those of the author. 

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