By Rosemary Iwunze
Pension Fund Administrators, PFAs, have pushed about N17.1 trillion from Nigerian pension monies to Federal Government, FG, securities. This amount represents 58.07 per cent of the N29.5 trillion pension industry’s Net Asset Value, NAV, in the first quarter of 2026.
The National Pension Commission, PenCom, has now warned that such investments may not deliver inflation-beating returns over the long term.
The warning comes against the continued concentration of pension assets in FG securities following the high yield environment in the money market.
The Commission cautioned that while FG securities remain a major investment avenue for pension funds, their capacity to generate returns that consistently outperform inflation over the long term remains limited.
