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Finance Minister Wale Edun has denied any illegal plans to tap into the N20 trillion Pension Fund for infrastructure and housing financing.

Mr Edun clarified the government’s commitment to adhering to regulations safeguarding workers’ pensions, emphasising that they have no intention of overstepping those boundaries.

He stressed that any utilization of the funds would strictly follow established regulations.

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The minister described the situation as an ongoing conversation and challenge for the financial industry to find solutions that balance safeguarding workers’ long-term savings with boosting economic growth.