The Nigeria Police Pension Fund under management stands at over N1.4 trillion within 10 years of its establishment, the NPF Pensions Limited has disclosed.
The managers said since its establishment the performance of the Fund has maintained a trajectory of growth, with its dominant position as the leading Pension Fund Administrator (PFA) for two consecutive years, yielding highest returns on investment across the four funds NPF Pensions Limited.
With 38 percent return on Investment in 2024, the Funds managers said it has continued to outperform the prevailing 34 percent inflationary rate, with the NPF Pensions management poised to sustaining its excellent performance by delivering world class customer service experience and impressive returns to its stakeholders.
Statistics on the superlative performances of NPF Pensions published by Nairametrics for January to December 2024 show that the NPF Pensions had an impressive performance.
In the Fund One category, the report said the NPF Pensions emerged as the clear leader, delivering an impressive 38.87 percent 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, the NPF Pensions also led the pack with an impressive return of 31.56 percent, significantly outperforming the average and setting a high benchmark for the year.
In Fund Three category, the report said the NPF Pensions again emerged as the standout performer, with a return of 30.68 percent, far exceeding the fund group average and setting a high benchmark for the year.
Besides, under Fund Four category (Retirees Fund), the NPF Pensions again led the other funds with a return of 18.05 percent, significantly outperforming the average and demonstrating strong investment management tailored for retirees.
The Managing Director of NPF Pensions, Dr Kolade Morakinyo, told reporters these performances were made possible with the support of the Inspector General of Police, IGP Kayode Egbetokun and the hard work of the dedicated staff of the company who worked round the clock to ensure that the Fund achieved its set targets.
Morakinyo said the company has continued to enjoy the support of its major stakeholders – the Police institutions under the able leadership of IGP Kayode Egbekokun, who, he said, wants the best for the officers of the Nigeria Police Force.
“The IGP is very passionate about the company, because he wants the officers to retire with smiles on their faces. He has done everything possible to see this happen,” he said+.
However, Morakinyo pointed out that the growth trajectory by the Fund may have been momentarily slowed down by the prevailing equity repricing in non-banking and highly capitalized equities in the Nigerian stock market.
Expectedly, he explained that 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.
Against the above background, the management of the NPF Pensions, he said, has reiterated its commitment to ensuring that its growth trajectory, which has earned it an enviable position as one of the top tier PFAs in the country, was maintained.
“This would be by leveraging on its investment strategy, which is structured towards long-term capital gains,” he said.
