dokie:


These things sound good when they say it, but in reality, its not that simply.

Pension funds cannot afford to lose money as a result, they must invest in low risk businesses. TBs and other low risk instruments are the best for them . Taking a high risks with peoples pensions isn't a joke.

Where do you want them to invest, Real Estates? Mortgage? Shares?

I can assure you that if there were better alternatives, the PFAs would have exploited them long ago.

Even in more developed economies with more robust investment alternatives, most of their investments are in government securities and shares of blue chip companies. Infact, it was restricted to these investments for a long time before they started diversifying into other areas albeit not as much as they invest in the traditional "sure bankers".

Let CBN not joke with Pensions. You can bail out banks when they go burst, but Nigeria cannot bail out PFAs when yawa gas.

You made great sense but they can back up their loans to companies with physical appreciable collateral.. that may even crash our lending rates by bringing more competition.

BubuZombi:
Good for the country...






At first I thought it was OMO Detergent sef...

Nigerians are funny

growtogeda:
thank God it's not OMO multi active detergent

BRATISLAVA:
what will happen to the account holders with the pension companies?

They can get aid for what they have invested but will not be allow to perform new investments.

adeoba2008:


They can get aid for what they have invested but will not be allow to perform new investments.

and what will happen after, when they can't reinvest? How much increment of risk will that be too the pfm?

Introvertedmarc:


It is a good development because the PFA use mandatory collective pensions from individuals while investing it into Treasury Bill's and using the proceeds to bolster their companies...

What the CBN wants, is for them to take active roles in the economy, be directly involved in businesses through partnering with companies and making profit from a running system rather than just saving peoples money and making profit, likewise what they have done to the banks on compulsory lending with fines of not meeting thresholds of give out loans..

Good one from Buhari/CBN.

This looks good theoretically
But remember
This is Nigeria

adeoba2008:


They can get aid for what they have invested but will not be allow to perform new investments.

and what will happen when they can't invest again? Don't get the ban

GidiWoodsMan:


If you put pension money into the real sector in a society like Nigeria with badly enforced laws and pathologically greedy citizens, everything will end up stolen.

PFAs will become like the banks where loan officers and executives collude with utilizers of funds to game the system and get rich in the process. Look at the banks, the few healthy banks are the owner-managed banks, all the others are rotten to the core because CBN inspectors would rather take bribe-money than do their jobs properly. Even at that, some owner-managed banks with profligate owners are/were living corpses e.g. Diamond Bank.

All those fools calling it a great development should get ready to lose their pension stashes, ditto their parents and other relatives. The whole pension money will be completely stolen.

Exactly

alizma:

There will always be other better alternatives. They are just crying to protect their personal interest.

There have always been other alternatives but they are considered riskier than this. And remember that how they invest is highly regulated so they will not say they lost pensioners money due to bad investment

BRATISLAVA:
and what will happen when they can't invest again? Don't get the ban

.
They are to source for another means of investments .

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Teewhy953:
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