Pension Funds Investment In Infrastructure Grows By 54.1 To N242.2bn

Pension Funds investmentin infrastructure grew by54.1 YoY to N242.243 billion in 2024 from N157.230 billion in 2023, indicating increased participation in infrastructure financing in the country.

However, infrastructure funds still account for 0.9 of the total Pension Funds Net Asset Value, NAV, which stood at N22.512 trillion in 2024.

Vanguards analysis from the latest data released by the National Pension Commission, PenCom showed that Pension Fund Administrators, PFAs, in 2024, committed N214.325 billion in Infrastructure Funds up from N143.371 billion in 2023 while Corporate Infrastructure Bonds gulped N27.918 billion up from N13.859 billion in 2023.

Reacting to this development, Michael Oyebola, Managing Director, Money Counsellors, said: Pension Funds are set to play a more prominent role in financing infrastructure projects, particularly through vehicles like the Nigeria Infrastructure Funds, Infrastructure Bonds and others which will help address the countrys infrastructure deficit while targeting stable, long-term returns.