Pension fund assets soar to N13.61tn in January 2022


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Chuks Udo Okonta

The pension fund assets had paccelerated to N13.61 trillion as at January 31, 2022, the National Pension Commission (PenCom) has said.

PenCom stated this in an unaudited report on pension funds industry portfolio for the period ended January 31, 2022, published on its website.

According to the pension sector regulator, the fund assets gained N183.81 billion between December 31, 2021 and January 31, 2022, while the total number of Retirement Savings Account (RSA) holders stood at 9.55 million as at the end of January.

PenCom noted that the fund in Dollar terms was $32.77 billion attained at exchange rate of N415.26/$.

The Commission maintained that N8.35 trillion of the N13.61 trillion was invested in Federal Government securities, while state government securities got N170.33 billion and local money market securities gulped N2.28 trillion.

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