Nigeria's independent online newspaper
Under the contributory pension scheme , pension funds have emerged as a formidable force in addressing the infrastructure financing gap in Nigeria, providing essential support for the development of vital projects throughout the country. As pension funds increasingly establish themselves as a viable alternative source of infrastructure funding in Nigeria, they play a pivotal role in stimulating economic growth and addressing the nation’s urgent infrastructure requirements.
Also, N136.03 billion has been invested in the infrastructure funds, demonstrating a keen dedication to supporting vital infrastructure initiatives. N154.76 billion has been strategically allocated to sukuk bonds, a critical financial instrument for infrastructure development. N98.55 billion has been invested in green bonds, underlining the commitment to environmentally sustainable projects.
The revised regulation on investment of pension assets has opened new avenues for pension funds to channel their investments, establishing them as essential participants in the country’s infrastructure development landscape. One of the most noteworthy developments is the allowance for pension funds to invest in government-issued infrastructure bonds and Sukuk bonds. This progressive step has paved the way for financing infrastructure projects through debt instruments, offering stable returns for pension funds while bolstering critical national projects.The primary objectives of pension fund investments in infrastructure are the safety and security of pension funds.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Abuja municipal chair begins road construction, assures residents of more democracy dividendsPremium Times - Nigeria'bs leading online newspaper, delivering breaking news and deep investigative reports from Nigeria
Read more »
NAFDAC issues warning alert on highly caffeinated energy drinks sold onlinePremium Times - Nigeria'bs leading online newspaper, delivering breaking news and deep investigative reports from Nigeria
Read more »
Kaduna State Pension Bureau releases list of 1,051 beneficiariesThe Kaduna State Pension Bureau has released the list of 1,051 beneficiaries for both the Defined Benefits Scheme (DBS) and Contributory Pension Scheme (CPS).
Read more »
How well has Aisha Dahir-Umar sustained pension reform?Nigeria's independent online newspaper
Read more »
Pension reform: A view from the outsideThe Latest news in Nigeria and world news. The Guardian Nigeria Newspaper brings you the latest headlines, opinions, political news, business reports and international news.
Read more »
Reps issue 72-hour ultimatum to AGF to present report on N100bn COVID-19 fundsNigeria's independent online newspaper
Read more »