Nigeria Reviewing Investment Rules for $17 Billion Pension Funds

Nigeria is set to increase the proportion of funds that its $17 billion pension industry can invest in infrastructure and private equity in a bid to boost returns on retirement savings.

The West African nation’s pension regulator is in the final stages of reviewing the limit on savings that pension fund managers can put in infrastructure and private equity from the current 5%, Ibrahim Buwai, spokesman for the National Pension Commission said by phone. Buwai didn’t give details on the new limits being considered but added that they could be released before the close of this quarter.

The review will ...