NPF Pensions Records Over N1.4trn In 10 Years
By Gift Eguavoen
The NPF Pensions has reiterated its commitment to maintaining the growth trajectory which has earned it a position as one of the top tier PFAs in the country, leveraging on its investment strategy which is structured towards long-term capital gains.
Managing Director of the Fund, Dr. Kolade Morakinyo, told journalists that the company’s recent position was made possible with the support of the Inspector General of Police, IGP Kayode Egbetokun and the hard work of its dedicated staff who worked round the clock to ensure the achievement of set targets.
Dr. Morakinyo was speaking against the background of the Funds attainment of over N1.4 trillion within 10 years of establishment, positioning it as a leading Pension Fund Administrator (PFA) for two consecutive years, with the highest returns on investment.
According to Morakinyo, with a 38 percent return on investment in 2024, the NPF pensions outperformed the 34 percent inflationary rate, and positioned itself to sustaining its excellent performance by delivering world class customer service experience and impressive returns to its stakeholders.
Statistics on the Funds’ performance published by Nairametrics for January to December 2024, showed an impressive performance, as the NPF Pensions emerged clear leader, with the Fund One category, delivering an impressive 38.87% return, placing it significantly ahead of other PFAs and setting the benchmark for exceptional fund management in 2024.
In Fund Two category, which is the default fund accounting for a reasonably good percentage of subscribers under the Contributory Pensions Scheme, NPF Pensions also led the pack with an impressive return of 31.56%, significantly outperforming the average and setting a high benchmark for the year.
Similarly, in Fund Three category, NPF Pensions again emerged as the standout performer with a return of 30.68%, far exceeding the fund group average and setting a high benchmark for the year.
Also, under Fund Four (Retirees Fund), NPF Pensions again led with a return of 18.05%, significantly outperforming the average and demonstrating strong investment management tailored for retirees.
According to Morakinyo, “The company has continued to enjoy the support of its major stakeholders, the Police institutions under the able leadership of IGP Kayode Egbekokun, who wants the best for the officers of the Nigeria Police Force.
“He is very passionate about the company because he wants the officers to retire with smiles on their faces and he has done everything possible to see this happen,” Dr. Morakinyo said.
He added however, that the growth trajectory may have been momentarily slowed down by the prevailing equity repricing in non-banking and highly capitalized equities in the Nigerian stock market.
“Expectedly, the impacts of the equity repricing which is largely determined by the level of exposure to non-banking and highly capitalised equity affected the performance of players in the nation’s Stock Market,” he said.
Against the background, he reiterated the commitment of the NPF Pensions management to ensuring that its growth trajectory is maintained.
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