News Ticker

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.

Read more at Premium Times…

Leave a comment

Your email address will not be published.


*