The Nigerian pension fund assets is being anticipated to grow to N10 trillion by December 2014 following expected increase in the return on investment by Pension Fund Administrators (PFAs).
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Mr. Abayomi Sanya, Chairman, Organising Committee of Stockbrokers Annual Conference disclosed this, weekend at a press briefing in Lagos, saying that pension funds which is being anticipated to grow to N10 trillion by December 2014 should not be allowed to lie idle in the banks as such fund could be used to finance the infrastructural needs of the country.
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The 17th annual conference of the stockbrokers according to him has been scheduled to hold from October 30, 2013 and will attract dignitaries from both private and public sectors.
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According to the Stockbrokers Organizing Committee Chairman, " The conference will avail opportunities to stockbrokers to learn how to package new instruments that can help fund infrastructure such as power, roads, housing etc. We also expect quoted companies to know various instruments used in raising funds to meet their operational challenges.
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This is because, we have observed that most companies that want to raise money from the capital market don't know how to go about it and even the kind of instruments that would suit the purpose for which such fund is needed. In fact, we need consultants to help in this regard."