N17trn pension funds go into FG securities, PenCom raises alarm

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…