By Kingston Magare
The Peoples Redemption Party has slammed President Bola Tinubu over his plans to borrow from the pension funds to enable the Federal government execute several projects.
In a statement signed by the national publicity secretary of the party, Muhammed Ishaq, the PRP urged Nigeria workers to resist the move because the administration of President Tinubu lacks accountability, adding that the move by the government is a betrayal of the Nigerian worker.
“Nigerian workers should resist looting of pension funds; Tinubu’s government lacks accountability: PRP. We will not be silenced by empty promises and half-baked excuses. We demand accountability, transparency, and responsible leadership.
” We are shocked and outraged by the Federal Government’s announcement to borrow from the pension fund, a move that is not only improper but a betrayal of the trust of Nigerian workers.
“The decision to tap into the pension fund, which is meant to provide for the financial security of retired workers, is a clear indication of the government’s lack of vision and accountability. It is a desperate attempt to plug the holes in its porous budget and finance its reckless spending habits.”
The PRP added that it was absurd that a government that failed to increase workers wages to reflect current economic realities could turn around and borrow from the pension funds.
“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. This act falls short of the government’s commitment to being responsible and catering for the welfare of its citizens.
“Therefore, the PRP demands to know why the government is choosing to raid the pension fund instead of exploring other legitimate sources of funding. 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 calls on the government to immediately reconsider this decision and explore alternative sources of funding that do not compromise the financial security of Nigerian workers.”