Acting Director-General PenCom, Mrs. Aisha Dahir-Umar
Leave a comment and share
Chuks Udo Okonta
Pension Fund Administrators (PFAs) have invested N6.05 trillion out of the N8.45 trillion pension assets in Federal Government’s securities, as at the end of October, 2018, the National Pension Commission (PenCom), has said.
Data obtained from PenCom stated that 71.68 per cent of the pension funds had been invested in the Federal Government of Nigeria’s securities.
Investments in FGN securities include: N4.33 trillion amounting to 51.32 per cent in Bonds; N1.65 trillion in Treasury Bills (19.59 per cent); N10.21 billion in Agency Bonds (NMRC & FMBN), (0.12 per cent); N48.00 billion in Sukku (0.57 per cent) and N6.39 billion in Green bonds, (0.08 per cent)
PenCom noted that in line the the Multi-fund structure, Retirement Saving Account (RSA) Fund 1, N6.55 billion was invested; RSA Fund 11, N3.75 trillion; RSA Fund 111, N2.00 trillion and RSA Fund IV, N654.29 billion.
It stated that N602.04 billion, which is 7.2 per cent of the funds, was invested in domestic ordinary shares; while N59.57 billion, amounting to 0.70 per cent in foreign ordinary shares.
The pension industry regulator maintained that pension operators invested N154.00 billion (1.82 per cent) in State Government’s Securities; Corporate bonds got N518.54 billion (6.13 per cent); Corporate Infrastructure bonds, received N7.68 billion, (0.09 per cent); Supra-National Bonds got N6.13 billion (0.07 per cent); commercial papers, N78.50 billion (0.93 per cent); Banks, N640.25 billion (7.57 per cent).
Others are, Reits, N5.97 billion, (0.07 per cent) Foreign Money Market Securities, N3.27 billion, (0.04 per cent); private equity fund, N32.83 billion, (0.39 per cent), Real Estate Properties, N228.88 billion, (2.71 per cent); infrastructure funds, N15.56 billion, (0.18 per cent) and cash & other assets, N30.83 billion, (0.36 per cent).
