Pension fund operators have seen FGN securities as a secured investment window as they were cautious on where to invest the huge pension assets in, that will not go bad and will bring the needed investment returns.
Investment income, according to LEADERSHIP investigation, was instrumental to the continuous growth in pension funds, despite the fact that some governments at majorly, State level are not paying the monthly pension contributions of their workers as and when due. Reacting on this development, the managing director/CEO of APT Securities and Funds Limited, Mallam Garba Kurfi, had said, investment in FGN Bonds by Pension Fund Administrators is necessary because of its low risk, higher yield and availability when compared with the other investments.