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Chuks Udo Okonta
Pension Fund Administrators (PFAs) as at May this year have invested N5.31 trillion out of the N6.73 trillion pension assets in Federal Government’s securities, the National Pension Commission (PenCom) has said.
Data obtained from PenCom stated that 73.63 per cent of the total funds had been invested in the Federal Government of Nigeria’s securities.
The FGN investments are: N3.80 trillion; N1.12 trillion and N39.37 billion amounting to 56.47 per cent invested in the FGN bonds,16.67 per cent of the funds invested in the FGN treasury bills and 0.59 per cent invested in Agency Bonds (NMRC & FMBN) respectively.
The data revealed that N539.78bn, which is 8.02 per cent of the funds, was invested in domestic ordinary shares; while N385.08bn, totalling 5.72 per cent of the funds, was invested in banks.
The pension operators invested N258.2bn, N216.07bn, N106.2bn and N93.4bn, totalling 3.8 per cent, 3.2 per cent, 1.5 per cent and 1.3 per cent in corporate debt securities, real estate properties, state government securities and foreign ordinary shares, respectively.
Supra-National bonds got N11.66 billion; commercial papers, N42.48 billion; Reits, NN10.90 billion; private equity fund, N17.93 billion; infrastructure funds, N3.39 billion and cash & other assets, N40.89 billion.