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"Synergy, Commitment Are Key to Global Energy Sustainability, Says Bounour

By Favour Ifeoluwa & Akinola Ajibade  The Chief Executive Officer, Egbin Power Plc, Mr Mohktar Bounour says global transition to cleaner energ and sustainable environment are achievable, as long as there is strong synergy and commitment among stakeholders in the value chain.  He spoke during the maiden edition of  Asharami Square in Lagos. This is an initiative introduced and implemented by the Sahara Group, in order to amplify discourse on energy sustainability through  media advocacy globally. He said: " Having analyzed the percentage of global greenhouse emissions attributed to sectors including electricity/heat production, agriculture/forestry and transportation, we are realised that there is need for synergy  and renewed commitment among stakeholders". According to him, Egbin Power has unwavering commitment to reduce carbon emissions and promotes sustainable energy sources, stressing that the need to depeening engagement and advocacy among stakeholders in
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Pension investments in FGN securities rise to N9.64 tr



By Favour Ajibade


Pension investments in Federal Government of Nigeria ( FGN) securities have increased from N9.19 trillion in September 2021  to N9.64 trillion in December 2022.

According to the National Pension Commission  (NPC, the increase represents N451.82 billion or 4.92 per cent.

The body further attributed the  increase in the value of investments in FGN Securities to additional investments in assets class during the last quarter.

While referring to its fourth Quarter of 2022 Report, PenCom said that the total value of pension fund assets as at December 31, 2022 was N14.99 trillion.

The assets, PenCom said, was made up of N10.72 trillion RSA ‘Active’ Funds I, II III and V; N1.19 trillion RSA Retiree Fund IV; N1.57 trillion Closed Pension Fund Administrators (CPFAs); and N1.48 trillion Approved Existing Schemes. Fund VI Active and Retiree Fund amounted to N36.20 billion. 

A breakdown of the fund, the agency said, showed that pension fund assets were mainly invested in Federal Government Securities (FGN), which accounted for 64.33 percent of total assets. 

The report read: “The composition of investments in FGN Securities includes FGN Bonds at 95.60 percent; Treasury Bills at 2.06 percent; and Agency Bonds, Sukuk and Green Bonds accounting for 2.34 percent.


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