NPF Pensions Plans Investments in Dangote Refinery

The Nigeria Police Force Pensions Limited is considering investments in Dangote Petroleum Refinery and Petrochemicals to diversify its portfolio and ensure sustainable returns for police personnel and retirees. Muhammed Dutse, the acting Managing Director, made this announcement in Abuja during the 2026 Customer Service Week.

He noted that the pension fund administrator is seeking alternative investment opportunities due to declining interest rates affecting traditional fixed-income returns. Dutse highlighted the growing interest in the Dangote refinery and stated that the investment strategy would include equities, private equity, infrastructure funds, and other alternative assets.

He mentioned that NPF Pensions has achieved an average annual return of 23 to 24 percent over the past five years, with a peak return of 37 percent in one year. Additionally, he acknowledged concerns regarding pension benefits for retired police officers and indicated that the Federal Government is working on measures to enhance retirees' take-home pay.