The Nigeria Police Force Pensions Limited is considering investing in the Dangote Petroleum Refinery as it seeks new avenues to grow pension assets and maintain strong returns for contributors and retirees.
Acting Managing Director of NPF Pensions, Muhammed Dutse, disclosed this in Abuja on Monday during the 2026 Customer Service Week.
Dutse said the pension fund manager was reviewing opportunities in the energy sector and other alternative investments as lower interest rates could reduce earnings from traditional fixed-income instruments and bank deposits.
He identified the Dangote refinery as one of the investment opportunities attracting the company’s attention, following increasing interest in the multibillion-dollar facility.
According to him, NPF Pensions is pursuing a diversified investment approach that includes equities, private equity, infrastructure funds and other alternative assets.
The pension manager is also examining opportunities in the Nigerian stock market, particularly investments in major companies, as part of efforts to strengthen the fund’s performance.
Dutse said changes in the Central Bank of Nigeria’s monetary policy had made diversification more important, as declining yields could affect returns from conventional investments.
He noted that the government’s policies had also created new opportunities in areas such as infrastructure, energy and private equity.
NPF Pensions recorded average annual returns of between 23 and 24 per cent over the past five years, with returns reaching nearly 37 per cent in one year, Dutse said.
He added that the company had put measures in place to sustain its investment performance despite changing conditions in the financial markets.
Beyond investment, Dutse said efforts were underway to improve the income of retired police officers. He disclosed that a Federal Government committee was working on measures to increase retirees’ take-home pay.
He also highlighted the Retirement Resettlement Support Scheme, which provides temporary assistance to retiring officers while they await their pension benefits. The scheme also includes pre-retirement training designed to help officers prepare for post-service businesses and other income-generating activities.
On customer service, Dutse said NPF Pensions had expanded its digital engagement with contributors through a WhatsApp Business platform, which has attracted nearly 100,000 police officers.
The platform allows contributors to access pension-related services remotely, reducing the need for physical visits to NPF Pensions offices.
