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14 September 2021

Operators invest N66.86bn pension funds in infrastructure

Pension fund administrators have invested N66.86bn funds under the Contributory Pension Scheme in infrastructure. The National Pension Commission disclosed this on Friday in a report, titled ‘Unaudited report on pension funds industry portfolio for the period ended 31 July 2021:

Pension fund administrators have invested N66.86bn funds under the Contributory Pension Scheme in infrastructure. The National Pension Commission disclosed this on Friday in a report, titled ‘Unaudited report on pension funds industry portfolio for the period ended 31 July 2021: Approved existing schemes, closed pension fund administrators and RSA funds. It said total funds under the scheme stood at N12.78tn as of July 2021. - The Punch Online