Pension Administrators invest N4.22trn in Nigerian Government Bonds

Oct 22, 2018
Pension Fund Administrators (PFAs) have invested a total sum of about N4.22 trillion in Federal Government of Nigeria Bonds in August.
Data obtained from the National Pension Commission (PenCom) on Sunday revealed that the amount represents 50.63 percent of the total pension assets of N8.33 trillion in the review month.
Besides, N1.48 trillion was invested in Treasury Bills, while Federal Mortgage Bank of Nigeria (FMBN), Sukuk and Green Bonds got N10.91 billion, N53.15 billion and N6.95 billion, respectively.
This brings the total investment in Federal Government’s securities by the PFAs to N5.78 trillion as at August, representing 69.30 percent of the total pension assets.
State governments borrowed a total of N154.43 billion from the pension funds through issuance of securities. N400.45 billion was invested in corporate bonds, banks had N849.09 billion while corporate infrastructure bonds took N7.33 billion.
Others include commercial papers with a total investment of N116.76 billion; real estate properties, N226.64 billion; and supra-national bonds, N6.67 billion.
Mutual funds got N21.29 billion as open and close end funds and reits took N12.18 billion and N9.10 billion, respectively. Private equity fund, N38.57 billion; infrastructure fund, N16.07 billion; cash and other assets, N24.56 billion.
Furthermore, the pension assets were reclassified according to new structures of Retirement Savings Account (RSA) Fund I, II, III, and IV.
RSA Fund I recorded N4.55 billion; RSA Fund II, N3.69 trillion; RSA Fund III, N1.96 trillion and RSA Fund IV, N619.05 billion.
Also, Closed Pension Fund Administrators (CPFAs) Fund stood at N1.08 trillion while Existing Schemes (ES) was N957.50 billion.
Source: The Vanguard

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