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2 December 2021

Pension funds should steer next level growth and development in Nigeria

While it is acknowledged that such distribution will provide the needed funds for infrastructural projects by the government and the funds for corporate growth, they also raise pertinent questions as to the sustainability and impact of such investments on the economic growth and the quality of life of Nigerians.

While it is acknowledged that such distribution will provide the needed funds for infrastructural projects by the government and the funds for corporate growth, they also raise pertinent questions as to the sustainability and impact of such investments on the economic growth and the quality of life of Nigerians. It can be argued that the investment apparatus set up by the regulator, National Pension Commission, constrains the Pension Fund Administrators to invest the pension funds in the real economy to boost immediate economic growth and development. PenCom has a strict percentage of funds under management to be invested in various sectors, markets, or financial instruments. The goal in doing this was to guide against unreasonable risk-taking by administrators that will result in the impairment of investors’ funds. - The Punch online