Pension fund assets soar to N19.53tn, gain N1.18tn in January 2024

Director General PenCom, Aisha Dahir-Umar

Kindly leave a comment and share

Chuks Udo Okonta

The pension fund assets stood at N19.53 trillion as at January 31, 2024, as against N18.36 trillion in December 31, 2023, gaining N1.17 trillion.

The National Pension Commission (PenCom) stated this today in its Unaudited Report on Pension Funds Industry Portfolio for the Period Ended January 31, 2024.

The pension industry regulator said N12.14 trillion of the fund has been invested in Federal Government of Nigeria securities, which breakdown revealed that, bonds gulp N11.59 trillion; treasury bills, N221.81 billion; agency bonds, N14.86 billion; sukuk bonds, N124.89 billion and green bonds, N181.57 billion.

It said N270.00 billion was invested in state government securities and N1.71 trillion in money market instruments.

PenCom said the fund assets in United States Dollars value was N14.39 billion at an exchange rate of N1,356 per a Dollar.

According to PenCom the Retirement Savings Account (RSA) membership as at the period was 10.22 million.

Leave a Comment

Your email address will not be published. Required fields are marked *