The Nigerian pension industry is taking a proactive step to address the country’s infrastructure deficit by establishing an investment consortium aimed at channeling pension assets into strategic national projects.

Ms. Omolola Oloworaran, Director General of the National Pension Commission (PenCom), announced the initiative at a Lagos press briefing following the inaugural Pension Industry Leadership Council (PILC) meeting.

PILC: Mobilising Pension Capital for National Projects

The PILC initiative intends to mobilize pension assets for infrastructure financing, creating structured investment vehicles that ensure risk mitigation and sustainable returns. Oloworaran stressed the economic benefits:

“It is critical to channel pension capital into infrastructure, create bankable investment pipelines, support national development, and preserve returns.”

The newly formed Investment and Financial Markets Committee will design frameworks that minimize exposure for pension funds while enabling large-scale infrastructure participation. Implementation will begin once these frameworks are finalized.

Pension Funds Shift from Passive to Active Investors

Oloworaran highlighted that the inauguration of PILC signals a strategic shift in the role of pension funds. Rather than being passive investors, pension funds will actively drive economic development, leveraging one of Nigeria’s largest pools of savings capital.

This transformation requires enhanced stewardship by Pension Fund Administrators (PFAs), stronger influence in corporate governance, and assertive participation in market outcomes.

Building a Resilient and Sustainable Pension Market

The overarching goal, Oloworaran explained, is to build a resilient system that works efficiently for all contributors while unlocking infrastructure investment at scale. The initiative is expected to stimulate job creation, improve productivity, and generate long-term value for pension contributors.

By mobilizing pension funds through the PILC investment consortium, Nigeria aims to bridge critical infrastructure gaps, drive economic growth, and transform the pension industry into a strategic engine for national development.

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