Pension Funds Grow To N22.51tn
encouraging pension fund participation in long-term development projects.
“Domestic and foreign ordinary shares grew by 41.8 per cent, increasing from N1.77tn to N2.51tn, with the Nigerian All Share Index recording another impressive year while money market instruments expanded by 32.9 per cent, from N1.67tn to N2.22tn, with yields on Nigerian FG treasury bills reaching their highest in years as the apex bank tried to rein in inflation.
FGN securities, while still the largest asset class in absolute terms, grew by a more moderate 18.37 per cent, increasing from N11.92tn to N14.11tn. The relatively slower growth indicates that while government bonds remain a significant component of investment portfolios, there is a gradual shift toward equities and alternative assets. Similarly, corporate debt securities grew by 17.8 per cent, from N1.91tn to N2.25tn.”
Private equity is medium- to long-term finance provided in return for an equity stake in potentially high-growth unquoted companies.
