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Pencom to allocate 40% of total assets to infrastructure by 2019

Nigeria’s National Pension Commission announced last week that it expects to allocate at least 40% of the country’s pension fund assets to investments in infrastructure development by 2019. If realized, the total amount of capital deployed would equal N2.32 trillion or US$740 million, and would, according to the Commission’s Director General Chinelo Anohu-Amazu, help fulfill part of the body’s strategy to enhance inclusive economic growth in the country as well as generate better value returns for the country’s pension contributors.

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