Over N3 trillion investible pension fund with the potential to unlock the nation economy has remained untapped, the Director-General, National Pension Commission (PenCom), Mrs Chinelo Anohu-Amazu, has said.
Mrs. Anohu-Amazu, who spoke at the 17th annual lecture of the Catholic Brothers United (CBU) in Lagos, in a presentation titled: Pension Fund as a Catalyst for Economic Development, regretted that despite the availability of about N861 billion 15 percent of the total N5.74 trillion total pension fund assets for infrastructure bonds, the fund has remained untapped due to the non-availability of investible instruments in the market.
She said there was only 0.03 per cent investment in infrastructure funds leaving a huge untapped financing prospect, adding that like other emerging economies, Nigeria has invested over 69 per cent of the pension fund in government securities.
She said investment in equities and money market securities were moderate at 11.54 per cent and 8.66 per cent respectively as at the second quarter of this year, she added.
