Data from the National Pension Commission shows Nigeria’s pension fund recorded its first dip in 18 months dropping by 0.47 per cent to 19.7 trillion naira as at March this year. Analysts say this is on the back of rebalancing by Pension Fund Administrators and higher interest rate environment. Meanwhile, the Pension Fund Operators Association of Nigeria says the slight improvement in the appetite for equities, which rose 5.94 per cent to 2.32 trillion naira reflects growing confidence in the equity market among pension fund players. Oguche Agudah, CEO of Pension Fund Operators of Nigeria spoke to CNBC Africa for more.