PFAs invest N6.86b pension funds in FG’s infrastructure

PFAs invest N6.86b pension funds in FG’s infrastructure

The Pension Funds Administrators have invested N6.86 billion from the workers’ monthly contributions, in the Federal Government bonds meant to develop the nation’s infrastructure, as of December 2017.
 
The figures obtained from the National Pension Commission revealed that the total assets under the management of the Contributory Pension Scheme rose to N7.51 trillion during the period under review.
  
But data from the commission revealed that in May 2015, the operators invested N568 million in infrastructure and increased it to N1.35 billion in December 2015.The PFAs invested N2.06 billion in infrastructure bond in December 2016, and had gradually increased the pension funds invested in the portfolio.

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