PFAs increase pension funds in infrastructure to N4.2bn from N1.82bn

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The Pension Fund Administrators in the interest of generality called has finally increased the amount of funds invested in infrastructure under the Contributory Pension Scheme to N4.2 billion.Some operators disclosed that investors had continued to mount pressure on them to part with the funds in their custody into infrastructure.

 

According to the figures obtained from the National Pension Commission on Tuesday showed the increase represents 0.07 per cent of the total funds under the scheme, which rose to N6.49 trillion as of April this year.

 

Amehnews recalls that, in May 2015, the operators said to have invested N568 million in infrastructure for the first time, and later increased it to N1.82 billion in September 2016.

 

The operators, who noted that the funds were not lying idle, said they had been invested in different portfolios such as the FGN bonds, treasury bills, domestic ordinary shares, local money market securities, corporate debt securities, real estate properties, state government securities, foreign domestic shares and cash/other assets.


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