- Advertisement -spot_img
34.3 C
Lagos
HomeBusinessNigeria pension fund hits N13.6 trln in Jan 2022

Nigeria pension fund hits N13.6 trln in Jan 2022

- Advertisement -spot_img

Nigeria’s contributory pension fund rose to N13.61 trillion by January, this year, according to the Director-General, National Pension Commission, Aisha Dahir-Umar, has said.

Dahir-Umar revealed this in the commission’s report on pension funds industry portfolio for the period ended January 31, 2022.

READ ALSO: South Africa’s economy grows 4.9% in 2021, driven by agric sector

She stated that the fund assets gained N183.81 billion between December 31, 2021 and January 31, 2022, while the total number of Retirement Savings Account (RSA) holders stood at 9.55 million as at the end of January.

She further said N8.35 trillion of the N13.61 trillion was invested in Federal Government securities, while state government securities got N170.33 billion and local money market securities gulped N2.28 trillion.

Join Our Mailing List!

* indicates required
- Advertisement -spot_img
- Advertisement -spot_img
Must Read
Related News
- Advertisement -spot_img