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Nigeria’s Pension Fund assets hit N14.36tr in July’

Nigeria’s Pension fund assets rose to N14.36 trillion in July, this year, from N14.267 trillion the previous month.

This represent N100 billion or 0.7 percentage growth in one month.

This was made by in the National Pension Commission (PenCom) Pension Funds Industry Portfolio for the Period Ended July 31, 2022.

The report showed that a total number of Retirement Savings Account (RSA) holders stood at 9,730, 778 while contributors under micro pension stood at 81,674 in the period under review.

The report showed that the pension managers, Pension Fund Administrators (PFA) invested a major chunk of N9.04 trillion out of the total fund in Federal Government Securities, of which N8.70 trillion went to Federal Government Bonds; N180.61 billion invested in Treasury Bills; N12.06 billion in Agency Bonds (NMRC); N96.24 billion in Sukuk and N32.86 billion in Green Bonds.

Furthermore, the PFAs invested N168.46 billion in state government securities; N915.48billion in Domestic Ordinary Shares; N105.34 billion in Foreign Ordinary Shares.


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