The Pension Fund Operators Association of Nigeria has said that the players in the sector would be looking to increase their participation in infrastructure financing in the country.
This was disclosed by the Chief Executive Officer of PenOP, Oguche Agudah, in a chat with The PUNCH on Wednesday.
PFAs have reportedly invested N103.86bn in infrastructure bonds in the first half of 2024, marking a 14 per cent increase from the previous year.
A high-yield environment was the main attraction for these players. Speaking on the outlook of the pension sector, Agudah said, “Additionally, pension funds are set to play a more prominent role in financing infrastructure projects, particularly through vehicles like the Nigeria Infrastructure Debt Fund, which will help address the country’s infrastructure deficit while targeting stable, long-term returns.”
He added that the outlook for the Nigerian pension industry remains positive, with continued growth driven by regulatory advancements and expanding investment opportunities.
