- Post by Admin on sunday, March 05, 2015
About N4.75 trillion of the total funds under the Contributory Pension Scheme has been invested in the Federal Government's securities. Figure obtained from the National Pension Commission showed this amounted to more than 70 per cent of the entire funds, which stood at N6.4 trillion as of the end of April.
According to the commission, substantial amount of the money was invested in the FGN and state bonds and securities, among other investment portfolios. The Pension Fund Administrators also invested N226.8 billion of the increasing funds in real estate.
While several investors have been lobbying the PFAs on how to have access to the money, the operators of the CPS have however said the funds can only be invested according to the investment guidelines laid down by PenCom.
Photo Caption: Pencom Logo