CBU holds lectures August 7

The Director-General of the National Pension Commission (PenCom), Chinelo Anohu-Amazu is to address a large diverse audience at the National Lecture Series of the Catholic Brothers United (CBU) scheduled to hold in Lagos.

The theme of the lecture, “The Use Of Pension Funds As A Catalyst For Economic Diversification” is considered apt as the country grapples with the challenges of acute infrastructure deficit needed to propel economic growth.

The lecture which is in its 17th year in the series aims at providing a national discourse on how the country can leverage on funds like the Pension Funds to accelerate economic development and growth.

In accepting to speak at the forum, which holds on August 7, at the Mc Govern Hall of St. Agnes Catholic Church, Maryland, the Director General noted that, It is noteworthy that the Catholic Brothers United (CBU) has sustained the practice of community development activities that have been uplifting the Church and the entire community. The Annual Lecture is one of such programmes that is worthy of commendation.

In his acceptance letter, Anohu-Amazu said, the proposed topic of the lecture: The Use Of Pensions Funds as a Catalyst for Economic Diversification: harmonises with our renewed efforts at ensuring pensions funds are channelled towards economic development through viable and safe investments. We therefore look forward to joining you at the Annual Lecture, as proposed.

Commenting on the initiative, president of CBU, Emmanuel Uwukhor said financing infrastructure projects using pensions funds has been a major topical issue that has generated much controversies given the experience with the previous pension scheme.

Uwukhor stated that it has become imperative to use the CBU platform to further clarify issues around such discussion as huge population of the Catholic community are subscribers to the Contributory Pensions Scheme (CPS) while others in the informal sector are itching to join the scheme.

“What we want to achieve is to sensitise the teeming catholic faith and also the general public on the need to understand the benefits of the CPS and how the initiative will lead to fruitful retirement,” he said.