NPF pensions eyes Dangote IPO, others to boost returns
The Nigeria Police Force (NPF) Pensions Limited says it is eyeing opportunities in the Dangote Petroleum Refinery and Petrochemicals, the stock market, infrastructure funds and private equity as it seeks to boost investment returns for police officers and retirees
The Acting Managing Director of NPF Pensions Limited Mohammed Dutse, stated this in Abuja on Monday during the 2026 Customer Service Week celebrations, noting that the company was widening its investment options as changes in monetary policy reshape returns available from traditional investments.
He said the recent reduction in the Monetary Policy Rate (MPR) was being considered as part of the changing investment environment, adding that NPF Pensions would not depend solely on what banks offer on deposits.
According to him, the fund manager is looking at a combination of investment instruments capable of delivering competitive returns over the long term.
“There are private equity funds, there are infrastructure funds, there are so many investment windows, alternative investments that we can harness to get good returns,” Dutse said.
He added that the stock market was another area of interest, pointing to the strong market attention around the Dangote Petroleum Refinery and Petrochemicals.
“As you can see recently, there’s a lot of hype around Dangote Petroleum Refinery and Petrochemicals. So, we also look up to that as well,” he said.
Dutse also mentioned opportunities in the shares of other major companies, including First HoldCo, as part of the investment options being considered by the pension manager.
He said the strategy was to combine different asset classes rather than depend on a single source of investment income.
“Our strategy is a combination of all these instruments in place. We just don’t rely on what banks give us,” he said.
The investment strategy is coming against the background of changing monetary conditions, with the Central Bank of Nigeria adjusting the MPR in response to movements in inflation and other economic conditions.
Dutse said the pension manager was also paying particular attention to emerging opportunities in the energy sector, infrastructure and other areas that could provide long-term investment value
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