Pension Fund Assets Rise To N12.66trn

Nigeria’s pension fund assets significantly increased to N12.66 trillion as at the end of June, 2021.

The assets had at the end of March, 2021, stood at N12.34trillion, hence, increasing by N320 billion between April and June, 2021.

This was disclosed today by the director general, PenCom, Mrs. Aisha Dahir-Umar at the ongoing 2021 Journalists Workshop programme, organised by the National Pension Commission(PenCom) in Lagos.

Mrs Dahir-Umar, said the growth in the pension fund assets under the new pension scheme, is an indication of prudent and sincere management of the pension fund by the pension operators and the regulator.

According to her, “the number of registered contributors under the CPS has grown to 9.38 million while pension fund assets have accumulated to N12.66 trillion as at 30 June 2021. The maintenance of a consistent growth trajectory continues to justify the Commission’s overriding investment philosophyof ensuring the safety of pension fund assets.”

Represented by the head, corporate communications, PenCom, Mr. Peter Aghahowa, Dahir-Umar added that the regulator will continue to dish out policies that will enhance the growth of the pension assets as well as investment options that will ensure that the assets are not depleted.

In March 2021, the nation’s pension fund assets rose by N100 billion to N12.34 trillion, from N12.24 trillion it was at the end of February.

Editor

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