The Nigerian House of Representatives has asked its Committees on Pension, Finance and Capital Market to look at the viability of investing over five trillion Naira pension funds in infrastructure development.
In a motion sponsored by a member representing Kabba Federal Constituency, Mr Tajudeen Yusuf on Wednesday, the lawmakers lamented the growing decay in infrastructure across Nigeria.
They agreed that the consequences of taking foreign loans and facilities to address infrastructure demands would, in the long run, have a damaging impact on the economy.
The lawmakers, therefore, advised that the pension funds be used to finance infrastructure.
