The pension fund assets have appreciated by N1.17 trillion to N19.53 trillion as of January 31, as against N18.36 trillion recorded on December 31, 2023.
This is contained in the National Pension Commission’s (PenCom’s) unaudited report on the Pension Funds Industry Portfolio for the period ended January 31.
PenCom said that N12.14 trillion of the fund was invested in the Federal Government’s securities.
On the breakdown, the commission said that N11.59 trillion was invested in bonds, while treasury bills gulped N221.81 billion.
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Others, it added, were agency bonds at N14.86 billion, N124.89 billion worth of Sukuk bonds, and green bonds at N181.57 billion.
The pension regulator stated that N270 billion was invested in state government securities and N1.71 trillion in money market instruments.
PenCom further said that the fund assets in United States Dollars value was N14.39 billion at an exchange rate of N1,356 per dollar.
According to the commission, Retirement Savings Account (RSA) subscribers as of the period under review stood at 10.22 million.
The National Pension Commission (PenCom) is the premier body in charge of regulating, supervising, and ensuring the effective administration of pensions in Nigeria. It ensures prompt payment of pension benefits to pensioners and has over 700,000 members.
PenCom provides solutions to OEM design engineers in the fields of mechanical and fabricated components and provides inventory management solutions that localize inventory, increase inventory turns, lower inventory exposure, and reduce inventory management costs.
NAN
