Nigeria’s net pension fund asset value has risen to N22.25 trillion as at November 2024, growing by 1.5 per cent from N21.92 trillion recorded in October 2024.
This is contained in a report titled: “Unaudited Report on Pension Funds Industry Portfolio for the Period Ended 30 November 2024.”
Data from the report shows that out of the N22.25 trillion recorded in November, pension fund administrators (PFA) invested N13.83 trillion in Federal Government Securities standing as the highest investment of the fund, representing 62.15 per cent of the total fund.
A breakdown of the FGN Securities investment showed that Federal Government Bonds (HTM) got N11.95 trillion, Federal Government Bonds (AFS) N1.17 trillion; Treasury Bills N575.16billion; Agency Bonds (NMRC) N10.63 billion; Sukuk Bonds (HTM) N105.46 billion; Sukuk Bonds (AFS) N6.12 billion; and Green Bonds N2.9 billion. State Government Securities got N256.1 billion.
The report further indicated that the PFAs invested N2.1trillion in Domestic Ordinary Shares and N297.5 billion in Foreign Ordinary Shares during the review period.
For Corporate Debt, the operators invested N2.28 trillion out of which N1.41 trillion was invested in Corporate Bonds (HTM); Corporate Bonds (AFS) N848.14 billion; Corporate Infrastructure Bonds N28.48 billion while nothing was invested in Corporate Green Bonds.
In the same vein, Money Market Instrument got N2.21 trillion out of which N1.89 trillion was invested in Fixed Deposit/Bank, Commercial Papers N174.61 billion; and Foreign Money Market Instrument N148 billion.
The PFAs only invested N83.03 billion Mutual Funds. Under this category, Open/Close Funds got N58.56 billion; REITs N24.47 billion; Supra-National Bonds N21billion; Infrastructure Funds N196.6 billion; Real Estate N272.99 billion; Private Equities N127.83 billion while Cash & Other Assets stands at N541.1 billion.
