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Credit rating agents to x-ray pension funds’ role in infrastructure development

The roles that pension funds can play in the development of Nigeria’s infrastructure development will be x-rayed at this year’s International Credit Rating webinar to…

The roles that pension funds can play in the development of Nigeria’s infrastructure development will be x-rayed at this year’s International Credit Rating webinar to be held outside Lagos.

Holding under the theme, ‘Boosting Infrastructural Development (ID) through Pension Fund Investment: The Role of Credit Rating Agencies”. The webinar will analyse the role of credit rating agencies in the efficient allocation of resources within the capital market and national economy.

“The 2022 edition of the event focuses on pension funds given the fast-growing amount of pension funds available for investment which has led to an increasing shift in conversations and concerns on how operators can effectively manage the assets in the interest of the ultimate beneficiaries,” the organisers, DataPro Limited, a credit rating agency, said in a statement on Monday.

The event will be held on Thursday, October 13, 2022 via zoom.

The company noted that despite the recent review of the pension law fund allocation to allow for a broader range of investments, pension fund administrators in the country continue to make only limited allocations to infrastructure development.

Commenting on the webinar, Mr Abimbola Adeseyoju, Managing Director, DataPro Limited, said, “The infrastructural gap in the country is one that we are convinced can be plugged with effective utilisation of the available pension funds.”