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Chuks Udo Okonta
Pension Fund Administrators (PFAs) as at the end of February this year, invested N4.56 trillion (72.36 per cent) out of N6.30 trillion pension assets in Federal Government’s securities, Inspen has learnt.
The National Pension Commission (PenCom) stated this in its summary of pension fund assets as at February 28, 2017. It noted that N3.71 trillion was invested in Federal government’s bonds, while N851.42 billion in treasury bills.
PenCom stated that N469.17 billion was invested in domestic ordinary shares; N88.95 billion in foreign ordinary shares; N82.44 billion in agency bonds (NMRC & FMBN) and N150.37 billion in state government’s securities.
Other investments are: N258.34 billion in corporate debt, N12.35 billion in supra – national bonds; N367.89 billion in banks; N16.76 billion in commercial papers; N5.18 billion in foreign money market securities; N9.19 billion in open/close -end funds; N9.96 billion in Reits.
Real estate properties got N216.88 billion; private equity fund got N17.82 billion; infrastructure fund received N2.33 billion and cash and other assets N33.58 billion.