EVALUATION OF THE NIGERIAN NATIONAL PENSION FUNDS REGULATIONS POLICY ON INFRASTRUCTURE INVESTMENT AND RISK MANAGEMENT

The paper evaluates the multi-fund structure of the Nigerian national pension regulations policy on infrastructure investment and risk management. The study used documentary and analysis of existing data researchmethod.The paper revealed investment allowable instruments on infrastructure projects with infrastructure funds is subjected to a maximum investment portfolio limit of five percent (5%) on pension assets under management and the infrastructure bonds invested in Federal Government bond or Central Bank of Nigeria bond and Securities to amaximum investment portfolio limit of eighty percent (80%) of pension assets under management.The limitation in the allowable investment instruments, lack of political commitment over the long term, regulatory instability, fragmentation of the market among different level of governments, lack of clarity on investment opportunities, procurement process of infrastructure projects and infrastructure investment opportunities in the market are perceived as too risky\ Such investments will only be made if investors are able to earn adequate risk-adjusted returns and ij appropriate market structures are in place to access the available pension fund.