Nigeria's Pension Funds Pledge US$182 Million to Infrastructure

PenCom to commit N300bn into infrastructure investment

By Rosemary Iwunze The National Pension Commission, PenCom, said it is targeting a total capital commitment of N300 billion to deepen critical infrastructure investment across Nigeria, with actual asset deployments set to commence by the second quarter of 2027. Speaking to the media at the backdrop of the Pension Industry Leaders Council (PILC) meeting in […]

Nigeria's Pension Funds Pledge US$182 Million to Infrastructure

Nigeria's pension funds have pledged N241 billion (about US$181.6 million) to a new infrastructure consortium, but no money has moved and first deployment is not due before Q2 2027.

Pension funds commit N241bn to infrastructure, target N300bn

Nigeria’s pension funds have committed ₦241 billion to infrastructure investment through the Pension Industry Infrastructure Consortium, with the figure expected to rise to almost ₦300 billion as additional commitments are received. Omolola Oloworaran, director-general of the National Pension Commission (PenCom), disclosed this at a press conference where she outlined key initiatives being pursued by the […]