By NIyi JACOBS
The National Pension Commission (PenCom) has released two new regulatory instruments aimed at strengthening Nigeria’s pension system and expanding investment opportunities for pension funds.
The measures, unveiled on Day 3 of the ongoing #PensionRevolution2.0, include the long-awaited Revised Regulation on the Investment of Pension Fund Assets and a Circular on Securities Lending and Repurchase Transactions.
PenCom’s Director General, Ms. Omolola Oloworaran, said the initiatives reflect the Commission’s commitment to raising standards across key pillars of the pension system, while safeguarding contributors’ funds and supporting national development.
According to PenCom, the revised investment regulation will enhance portfolio diversification and generate stronger returns, helping to grow retirees’ pension pots and protect their purchasing power. The securities lending and repurchase circular, on the other hand, opens a new window of investment outlets for pension funds, further unlocking the potential of pension assets as a dependable source of financing for economic growth.
“These instruments mark another milestone in our daily rollout of initiatives under the Pension Revolution 2.0, designed to optimise fund performance and deliver sustainable long-term value,” Oloworaran stated.
PenCom added that further details of the revised regulations and guidelines will be shared in the coming days as part of its ongoing reform agenda.
