PFAs invest N1.49 trn in Treasury Bills

Lagos – Pension Fund administrators in the country invested N1.49 trillion in treasury bills.

Treasury obligations

A monthly report published by the National Pension Commission (PenCom) on Sunday in Abuja by Mr. Peter Aghahova, the representative of the commission said.

The commission also reported that PFA had invested N4.22 trillion in federal government bonds, the Federal Mortgage Bank of Nigeria (FMBN) received N10.91 billion; Sukuk, N53.15 billion; and green bonds, N6.96 billion

“State government securities absorbed N 154.43 billion, while corporate bonds amounted to N400.45 billion, and corporate infrastructure bonds amounted to N7.33 billion, even when banks absorbed N849.09 billion.

“Others include commercial paper, N116.76 billion and real estate, N226.64 billion and supranational bonds, N6.67 billion

“Open and closed funds, N12.18 billion; mutual funds, $ 21.29 billion; direct investment fund N38.57 billion; infrastructure fund, N16.07 billion; other assets of N24.56 billion and Reits, N9.10 billion, ”it was reported.

According to the commission, the total amount invested in the securities of the federal government on PFA, as of August, was N5.78 trillion of N8.33 trillion pension assets.

“Investments amount to 69.30% of N8.33 trillion pension assets,” the commission said.

The commission in the monthly report also reclassified pension assets in accordance with the new structures, namely: 1, 11, 111 and 1V of multi-factor structures.

“Fund I has N4.55 billion; Foundation II, N3.69 trillion; Fund III N1.96 trillion And the Foundation IV N619.59 billion

“He noted that the Fund Closed Pension Funds (CPFA) is N1.08 trillion, and the existing schemes (ES) – 957.50 billion dollars,” a statement said. (NAN)

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