Nigeria $17 Billion Pension Industry Eyes Investment Flexibility

Nigeria’s pension fund managers have asked the industry regulator to grant them greater flexibility to invest so they have greater scope to boost returns that have been eroded by high inflation and currency depreciation.

Firms that oversee 26.4 trillion naira ($17 billion) in retirement funding want to allocate money to areas such as export-oriented businesses, toll roads, real estate and high-growth unlisted companies, Access ARM Pensions Chief Executive Officer Dave Uduanu said in an interview.