Pension Funds Plans $200m Infrastructure Investment

The Nigerian infrastructure sector is set to get a boost as fresh investment totaling $250 million will be pumped into the sector, with $200 million of the funds coming from pension operators.
This was disclosed by the director general of the National Pension Commission (PenCom), Omolola Oloworaran, in Lagos on Tuesday.
According to her, the pension industry will commit $200 million to infrastructure investment over the next 10 years, while $50 million would come from development finance institutions.
Oloworaran said the commitment marked the first time Nigeria’s pension industry would jointly commit its funds to infrastructure, describing it as the beginning of a broader investment...