The National Pension Commission (PENCOM) has stated that assets under the Contributory Pension Scheme increased by about N2tn in the first six months of 2023.
According to the figures, the assets increased from N14.99tn as of December 2022 to N16.76tn as of the end of June 2023.
The bulk of the assets invested in the Federal Government’s securities increased from N9.64tn to N 10.86tn.
Retirement Savings Accounts (RSA) membership also increased from 9,862,129 in December 2022 to 10,009,049 as of the end of June 2023.
Other investment portfolios where the funds were invested include; domestic and foreign ordinary shares, corporate debt securities comprising corporate bonds, corporate infrastructure bonds, corporate green bonds, and supranational bonds.
