NSIA to Advise Pencom on Infrastructural Investment


Chinelo Anohu-Amazu, DG, Pencom

The newly established Nigeria Sovereign Investment Authority (NSIA) is to offer advisory services to the National Pension Commission (PenCom) on the most profitable way to invest in the emerging Nigerian infrastructure segment of the economy. This is even as Dr Ngozi Okonjo-Iweala, coordinating minister of the economy and minister of finance, has ruled out that there are no plans for NSIA to manage pension funds in the country.

Okonjo-Iweala, who dropped the hint while on a maiden visit to NSIA in Abuja, disclosed that talks which is still in the preliminary stages is to help PenCom explore profitable opportunities in infrastructural investment, pointing out that it is the duty of Pencom to manage pension funds.

She stated that NSIA has the expertise to advise PenCom on the best ways to invest safely and profitably in investment grade opportunities.

The minister noted that all over the world, pension funds boost their funds by investing in infrastructure as a result of the fact that both pension and infrastructure are long term funds.

She further noted that pension funds are delicate and the focus of the government is to ensure at all times that they are handled with utmost safety in mind.

NSIA was established two years ago with the objective of promoting fiscal stability, build a savings base for future generations of Nigerians and enhance the development of Nigeria’s infrastructure.

BusinessWorld Intelligence can disclose that NSIA’s investments are made through three channels namely The Stabilisation Fund, the Future Generations Fund, and the Nigeria Infrastructure Fund.

Powered by WPeMatico

This entry was posted in Nigeria News. Bookmark the permalink.

Leave a Reply