Pension fund hits 13.8 Trillion Naira

The net value of the nations’s pension fund assets has risen to N13.8trillion.
According to the National Pension Commission, the assets rose to N13.88 trillion in March, this year from N13.76 trillion recorded the previous month.

This is a  growth of N113.75 billion in one month.

Findings show that the growth has remained uninterrupted despite the recapitalisation ordered by the Commission on Pension  Funds Administrators

The exercise was completed on March 27 with PFAs capital increasing by over 500 per cent.
A breakdown of the investments shows that the PFAs invested N8.50 trillion in Federal Government’s Securities.

CC: Vanguard

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