BY NKECHI NAECHE-ESEZOBOR—The Africa Finance Corporation (AFC) has called for a strategic partnership with the National Pension Commission (PenCom) to harness pension funds for accelerated infrastructure development in Nigeria.
This move is aimed at strengthen the capacity of Pension Fund Administrators (PFAs) in infrastructure investment.
Leading an AFC delegation to the Commission’s headquarters, the Corporation’s Executive Director of Financial Services, Mr. Banji Fehintola, called for closer collaboration to strengthen the capacity of Pension Fund Administrators (PFAs) in infrastructure investment.
Fehintola highlighted AFC’s readiness to support the Nigerian pension industry in developing robust frameworks for due diligence, infrastructure financing structures, and internal project evaluation.
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He said that AFC could facilitate structured investment arrangements with institutional investors, offering stable-yield opportunities and access to its syndicated investment platform thereby enhancing potential returns on pension fund investments.
Receiving the delegation, PenCom’s Director General, Ms. Omolola Oloworaran, commended AFC’s initiative and affirmed Commission’s openness to exploring collaborative opportunities.
Oloworaran underscored the importance of channeling pension assets into viable infrastructure projects while ensuring robust risk management and capacity building within the pension industry.
She assured that PenCom and AFC would identify concrete areas of partnership to advance Nigeria’s pension and infrastructure sectors.
