Naira devaluation: PenOp appeals for offshore investment of pension funds

  • 📰 vanguardngrnews
  • ⏱ Reading Time:
  • 29 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 75%

Österreich Nachrichten Nachrichten

Österreich Neuesten Nachrichten,Österreich Schlagzeilen

Pension Fund Operators Association of Nigeria, PenOp, has appealed to members of the National Assembly to amend the pension law to allow for the investment of pension funds offshore to hedge against inflation and naira devaluation.

PenOp also charged members of the National Assembly to consider amending the pension law to increase pension contribution for workers to guard against old age poverty being triggered by rising inflation and naira devaluation.made the appeal at the PenOp 4th National Assembly Retreat 2024, held for members of the House Committee on Pensions and members of the Senate Committee on Establishment and Public Service.

Uduanu said: “Regarding devaluation, what we need to do as a country is that we need to domesticate our economy. As we domesticate our economy and rely less on dollars, we can achieve more sustainable savings and inflation in real terms. But until we do that, the safeguard we have is to allow some of the pension funds to be invested offshore.

Also speaking, another member of PenOp and Managing Director of Fidelity Pension Managers, Mr. Donald Onuoha, stated that there is a need to increase pension contributions from the present 18 percent to a higher value.

Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:

 /  🏆 5. in AT
 

Vielen Dank für Ihren Kommentar.Ihr Kommentar wird nach Prüfung veröffentlicht.

Österreich Neuesten Nachrichten, Österreich Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Stakeholders condemn govt’s move to finance infrastructure from N20tr pension fundEconomists and securities experts have reacted angrily to the Federal Government’s plan to deduct N20 trillion from pension funds for infrastructure development, saying government has no business with the investment returns of citizens.
Herkunft: GuardianNigeria - 🏆 1. / 94 Weiterlesen »