Daily Trust

Experts to proffer investment for pension

- By Chris Agabi

Following disruption­s in the investment flow due to COVID-19, experts in the financial service sector will be proffering ways the Nigerian insurance and pension sectors can attract investment­s.

The experts will also speak on how pension fund operators can grow their investment portfolios.

The experts and stakeholde­rs will be speaking at the 2020 Annual Conference of the National Associatio­n of Insurance and Pension Correspond­ents (NAIPCO) to be held November 4, 2020, in Lagos.

The theme for the conference is: “Promoting Bankable Investment­s Portfolio for Insurance and Pension Sectors.”

Chairman of the occasion is the Chairman, Nigeria Social Insurance Trust Fund (NSITF), Mr. Austin Enajemo-Isire, while the Director-General, Lagos Chamber of Commerce and Industry (LCCI), Dr. Muda Yusuf, is the Keynote Speaker, even as the Chairman, Mutual Benefits Assurance Plc, Dr. Akin Ogunbiyi will be the Special Guest of Honour and Chief Launcher of the new NAIPCO website.

The NAIPCO President, Mr. Chuks Udo Okonta, said the organised private sector has consistent­ly lamented low funding for manufactur­ers as the investment community has accused OPSN of lack of bankable investment projects in which pension and insurance companies can invest in, despite the two sectors having in excess of N11 trillion funds that could be invested in the economy.

For the pension sector, he stated that the theme is also apt as PFAs have limited investment outlets with the ban on investment in treasury bills by the Central Bank of Nigeria (CBN) as well as, the current low yield on bonds, the mainstay investment instrument of the pension industry.

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