The Pension Funds Administrators have increased their pension funds investment in infrastructure to N47.32bn, latest statistics from the National Pension Commission have revealed.
The total assets under the Contributory Pension Scheme which had continued to record steady growth stood at N10.5tn, amount already put into different investment portfolios.
According to him, Pension Fund Administrators were investing organisations and not borrowing organisations. “The law and guidelines for investment of pension fund made provisions for investment in infrastructure.” He mentioned that the law did not confer on the federal or state governments the power to decree or order how the funds in private individuals’ RSAs should be invested.
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