Pension Industry Commits N241bn To Bridge Nigeria’s Infrastructure Gap

The National Pension Commission (PenCom) has disclosed that the pension industry has committed N241 billion to an infrastructure development fund aimed at channelling long-term pension capital into Nigeria’s infrastructure sector.
The commitment, made through the Pension Industry Infrastructure Consortium established by the Pension Industry Leadership Council, PILC, in collaboration with FSD Africa, is expected to rise to over N300 billion as additional pledges come in.
Speaking at a press briefing in Lagos, the director-general of PenCom, Omolola Oloworaran, said the initiative represents the industry’s first major step to mobilise pension funds for infrastructure, offering long-term...