PFAs to invest more in infrastructure this year, says PenOp

The Chief Executive Officer of Pension Funds Operators Association of Nigeria (PenOp), Oguche Agudah, says 42 per cent of the Pension Fund Administrators (PFAs) have indicated that they are actively looking for investments in infrastructure in 2023 while another 50 per cent have said; they will also consider investments along that line of business.

Speaking in his presentation during a webinar yesterday, which attracted frontline economists with the theme: “The Nigerian Economic and an Investment Outlook: A focus on Pension Fund Investment Strategies”, Oguche said that fund managers are cautious about private equity, despite this decision but will consider it on a deal by deal basis adding that 25 per cent of fund managers polled are actively looking to invest in private equity while 67 per cent say they will consider it.