Nigeria’s $22 Billion Pension Industry Eyes Infrastructure Fund to Upgrade Frayed Assets
Updated
Updated · Bloomberg · Jul 9
Nigeria’s $22 Billion Pension Industry Eyes Infrastructure Fund to Upgrade Frayed Assets
3 articles · Updated · Bloomberg · Jul 9
Summary
$22 billion in Nigerian pension assets is being lined up for a possible infrastructure fund that the industry hopes to launch later this year.
A special-purpose vehicle would pool retirement savings so viable projects can be financed, according to National Pension Commission spokesman Ibrahim Buwai.
The push is aimed at helping Africa’s most populous nation tackle long-neglected infrastructure gaps, widening the role of pension capital beyond traditional investments.