Tag Archives: Pension funds

Estate surveyors and valuers in the country have advised the Nigerian government to deploy part of the nation’s huge pension funds worth over eight trillion naira to the real estate sector as this will reduce the funding gap in the sector and assist even pensioners own their homes. The chairman estate surveyors and valuers registration board of Nigeria Nweke Umezuruike ...

The Director-General of the National Pension Commission (PenCom), Mrs Chinelo Anohu-Amazu, said the World Pension Summit Africa Special that will kick off in Abuja next week will deepen the discussion around ensuring that pension funds were invested in the real sector for visible and measurable impact on the economy, while also boosting retirement benefits, Vanguard reports. Anohu-Amazu said she was ...

Nigeria’s Trade Union Congress, TUC, on Sunday blew hot over suggestions by some lawmakers in the country that the accumulated pension funds supposedly meant for workers be deployed for infrastructure development. The TUC said it condemns such suggestion and that it has repeatedly made its position on the issue very clear and this is that “the pension scheme was informed ...

The Minister of Power, Works and Housing, Mr. Babatunde Fashola, has said the pension funds cannot be used as like money. He said that time has come for Nigeria to look into how it can harness the money in its contributory pension funds given the falling oil prices and dwindling revenue. He said it was regrettable that given the growing ...

The National Pension Commission is set to allow Pension Funds Administrators to invest the growing pension assets in the housing industry, particularly the real estate, in addition to investing it in infrastructure. As of October 2015, the total pension assets under the Contributory Pension Scheme had risen to N5.14tn. While the PFAs have invested these funds in different classes of ...

An official has said that the immediate past Kano State Governor, Rabiu Kwankwaso, spent N4.1 billion of pensioners’ funds building houses the retired workers could not afford. The Kano State Commissioner of Information, Mohammed Garba, stated this on an Hausa discussion programme on Freedom Radio on Saturday evening. Mr. Garba said the ex-governor, now Senator, borrowed the N4.161 billion from ...