Consumer Protection Framework: Pension assets, data and privacy protected (Part 3)
The Nation Newspaper Consumer Protection Framework: Pension assets, data and privacy protected (Part 3)
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The Nation Newspaper Consumer Protection Framework: Pension assets, data and privacy protected (Part 3)
Despite lull in the bond market, the Pension Fund Administrators (PFAs) have invested N12.14 trillion from the pension fund assets into Federal Government of
The nation's pension fund assets rose to N19.5 trillion as at the end of January, 2024, after it ended last year (December 2023) at N18.36 trillion, thereby,
"Investments by the PFAs in the securities of the Federal Government of Nigeria (FGN) are not loans as erroneously portrayed, but investments in securities, through bonds and treasury bills, as approved by the relevant government agencies..."
The Director General of the National Pension Commission, Aisha Dahir-Umar, has denied allegations that the commission loaned N10tn to the FG.