The group also urged advocacy that will make the industry attractive for property investors such as improvement on the review of the land tenure system, Land Use Act.
Pension operators have invested N8.35 trillion in Federal Government securities, while N2.28 trillion and N123. 4 billion were invested in mutual funds. He said: “ The pension assets is over N13 trillion of fund and by regulation can only be invested through instrument such as treasury bills, government bonds. They can now invest in real estate development trust for example as one of the viable investments.
He said UPDC now has over N22 billion in assets portfolio, a 471-room hotel, 30 estates under management, over 1,000 residential units built and one large retail mall.
Please pay mine before you sink the funds.