Over 67% of pension fund put in federal government securities

The National Pension Commission (PenCom) has noted that N8.32 trillion (representing 67.1 per cent) of its total N12.39 trillion assets, had been invested in federal government  securities.

A breakdown of data obtained from PenCom’s website on Saturday showed that federal government bonds gulped N7.45 trillion investment; treasury bills, N690.43 billion; agency bond, N13.01 billion; Sukuk bonds, N79.31 billion and green bonds N79.81 billion.

PenCom has also invested N117 billion into securities of state governments, according to the information available…