Mrs Chinelo Anohu-Amazu
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Chuks Udo Okonta
Pension Fund Administrators (PFAs) invested N65.64 billion in Federal Government’s securities between October and November 2015, Inspen can report.
The figure which was obtained from the National Pension Commission (PenCom) showed that N3.42 trillion was invested in October and N3.49 trillion in November.
It was also observed that N505.71 billion was invested in domestic ordinary share, as against N514.28 billion invested in October while N69.10 billion (1.35 per cent) as against N69.66 billion in October invested in foreign ordinary shares.
Federal Government of Nigeria securities which include: Bonds got N2.89 trillion in October and N2.95 trillion) in November and treasury bills N480.26 billion (10 per cent) in November as against N528.76 billion in October.
State government securities got N162.03 billion in October, N157.13 billion) in November; corporate debt securities, (N156.87 billion) (N179.45 billion); supra- national bonds, (N11.55 billion) (N12.69 billion); local money market securities, (N535.90 billion) (516.18 billion); foreign money market securities, (N651 million) (N645 million); open/closed end fund, (N21.52 billion) (N19.36 billion).
Real estate properties got (N209.87 billion) (N231.25 billion); private equities funds, (N17.34 billion) (N13.43 billion); infrastructure funds, (N1.2 billion in Oct.) (N1.40 billion); cash & other assets, (N21.83 billion) (N58.71 billion).
Director-General PenCom, Mrs Chinelo Anohu-Amazu, said the present assets which is placed at over N5.31 trillion are not laying idle in any bank account as alleged by those who do not understand the working of the Contributory Pension Scheme (CPS).
She noted that all pension funds are invested according to the the industry’s investment guidelines, stressing that the industry’s investment guidelines specified how the funds are to be invested.