(NAN) Mrs Chinelo Anohu-Amazu, the Director-General, National Pension Commission (PENCOM), on Thursday promised to partner with the Nigerian Stock Exchange (NSE) to deepen the nation’s capital market.
Anohu-Amazu made the promise during her visit to the NSE and bell ringing in Lagos.
She said that the commission would deepen its partnership with NSE to put necessary measures in place to give institutional investors the needed comfort to remain in the equities market on a long-term basis.
The director-general said that the commission required an enabling environment to participate effectively in the equities market in order to move the market forward.
Anohu-Amazu, who commended the ongoing reforms at the exchange, said that it would deepen market activities.
“The reform that has been on going in the NSE is the kind of thing that PENCOM is looking for.
“Because, we are institutional investors and because of the nature of funds we hold which belongs to the retirement service account holders,” she said.
Anohu-Amazu said that the primary mandate of the commission was to establish and ensure that liabilities and pension retirement benefits were paid as and at when due.
“The relationship we are establishing with the NSE is such that will enable us to meet our initial mandate, while also playing an active part in the local development of the NSE,” she said.
The director-general said that investment in equities for institutional investors should be for long-term.
“We are not portfolio investors, we are in for long term.
“I am happy that the management of the NSE is creating that platform to enable us to fulfill that mandate,” she said.
