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Infrastructure: PenCom, PFAs To Invest N300bn In 2027

BY CHIKA OKEKE, Abuja

The National Pension Commission (PenCom) and Pension Fund Administrators (PFAs) have set a fresh target of investing N300 billion pension funds in infrastructure development across the country in 2027.

Director General of PenCom, Ms Omolola Oloworaranm stated this while addressing journalists after the fourth edition of the Pension industry Leadership Council meeting in Lagos.

She noted that the actual deployment of the funds commences by the second quarter of 2027 with N241billion already mapped out by pension fund operators for investment in infrastructure, followed by additional funds to hit N300 billion.

Already, the PFAs have mobilised the N241 billion under an infrastructure framework established in conjunction with FSD Africa, as they are mandated to participate in infrastructure investment.

“As part of that initiative, our pension fund managers have committed a total of N241 billion and we expect that to touch up to N300billion and we do have a time table we are working with and by Q2 2027, investment in infrastructure should start taking place,” she said.

Oloworaranm hinted that the PFAs have realised that infrastructure investment is a solid means of ensuring higher yields to contributors’ funds and protects the funds against inflation.

She stated that they are yet to decide on the particular area of infrastructure investment but were certain that the sector will definitely channel its funds into infrastructure development.

“In the scheme of things, it’s (infrastructure) the first step we are taking as an industry and it is just the beginning of things because it’s a sector we are committed to and to ensuring that we mobilise capital in the pension sector to deepen infrastructure in the country. Investment is what pension funds are really interested in because largely they are long term investment and they provide a hedge against inflation,” she said.

The DG said that the investment marked a major milestone for the pension sector as operators sought long-term inflation hedges and inflation-adjusted returns for contributors.

She pointed out that PenCom has approved an independent global benchmark maturity assessment for the Nigerian pension industry to ensure operators aligned with international best practices.

 

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