From Ngozi Onyeakusi, Lagos
The total pension funds invested by the Pension Fund Administrators in infrastructure have risen to N5.38bn.
According to the National Pension Commission (PenCom) total assets under the management of the Contributory Pension Scheme rose to N7.09tn at the end of August 2017.
In May 2015, the operators invested a sum of N568m in infrastructure for the first time and increased it to N1.35bn in December 2015.
They invested N1.82bn in infrastructure bond in September 2016, and had gradually increased the pension funds invested in the portfolio.
The Chairman, Pension Fund Operators Association of Nigeria, Mr. Eguarehide Longe, said the pension funds were active in different investment portfolios.
According to him, the bulk of the funds have been invested in government bonds