Those criticising use of pension funds for PPP projects ignorant – Council – Zambia: News Diggers!

THE Public Private Partnership Council has charged that previous public criticism of government’s decision to use NAPSA funds to invest in PPP projects was based on “ignorance”. Government, through the Public-Private Partnership Act No. 18 of 2023, established clear guidelines for using domestic pension funds and private capital to finance large-scale, income-generating public infrastructure. The decision, however, sparked public criticism, with netizens arguing that using pension funds for such ventures was not a good idea. Updating the media on PPP projects government had undertaken between 2021 and 2026, Friday, Council Member Dr Abraham Mwenda said funds to execute PPP projects such as the Lusaka-Ndola Dual Carriageway were not only supposed to come from commercial banks but also from entities such...