Pension Fund Administrators (PFAs) have invested N8.32 trillion in Federal Government’s Securities, out of the N12.39 trillion pension fund assets recorded as at April 2021, The Nation has learnt.
According to the National Pension Commission (PenCom) Monthly Summary Report released on April 26, 2021, Federal Government Bonds gulped N7.45 trillion investment.
The commission stated that N690.43 billion was invested in Treasury Bills; N13.01 billion, Agency Bond; N79.31 billion in Sukuk Bonds; while N79.81 billion was invested in Green Bonds.
PenCom said state government’s securities gulped N117.21 billion investment; N830.62 billion was invested in domestic ordinary shares and corporate bonds got N768.38 billion.
The PFAs invested further N1.64 trillion in bank placements, while N96.53 billion was invested in commercial papers, amounting to N1.74 trillion gulped by local money market securities.
Meanwhile, PenCom Director- General, Mrs. Aisha Dahir-Umar said the commission and industry stakeholders had adopted various strategies to diversify the investment portfolio of pension assets and deepen investment channels with focus on pension fund investments in infrastructure and housing.
The commission is, therefore, focused on its engagements with stakeholders (government agencies, private sector participants, multilateral development finance organisations) in developing capital market products, including infrastructure assets, housing assets, and hedging tools that meet requirements for pension fund investment, she noted.