L
LequteMan
Guest
According to the Director-General, National Pension Commission (PenCom), Mrs. Chinelo Anohu-Amazu, N3.77tr pension funds are sitting idle.
Despite the availability of N3.95 trillion pension funds for Nigeria to finance its infrastructure challenges, only N156.3 billion has been utilised, leaving N3.77 trillion untapped, she said.
She said the Pension Reform Act 2014 introduced Infrastructure Funds and Bonds to bridge the gap in infrastructure and housing the financing.
She added that the Commission has been making efforts to stimulate growth in the economy by introducing new asset classes into the portfolio of the pension funds as provided by the PRA, 2014.
The Nation
Despite the availability of N3.95 trillion pension funds for Nigeria to finance its infrastructure challenges, only N156.3 billion has been utilised, leaving N3.77 trillion untapped, she said.
She said the Pension Reform Act 2014 introduced Infrastructure Funds and Bonds to bridge the gap in infrastructure and housing the financing.
She added that the Commission has been making efforts to stimulate growth in the economy by introducing new asset classes into the portfolio of the pension funds as provided by the PRA, 2014.
The Nation
