Operators Invest N5 bn Pension Funds In Infrastructure

The total pension funds invested by the Pension Fund Administrators in infrastructure have risen to N5.38 billion. Figures obtained from the National Pension Commission revealed that the total assets under the management of the Contributory Pension Scheme rose to N7.09 trillion at the end of August 2017.

In May 2015, the operators invested a sum of N568 million in infrastructure for the first time and increased it to N1.35 billion in December 2015. They invested N1.82 billion in infrastructure bond in September 2016, and had gradually increased the pension funds invested in the portfolio.

The Chairman, Pension Fund Operators Association of Nigeria, Mr. Eguarehide Longe, said the pension funds were active in different investment portfolios. According to him, the bulk of the funds have been invested in government bonds and some of the funds invested in infrastructure. Ideally, he explained, the money that had been borrowed for a reasonable long term should be used for long-term assets and not to fund recurrent expenditure.

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