The pension fund assets surged to N19.53 trillion by January 31, marking a substantial increase of N1.17 trillion from the previous month’s N18.36 trillion, as reported by the National Pension Commission (PenCom).
PenCom’s unaudited report on the Pension Funds Industry Portfolio for January revealed that a significant portion of the fund, totaling N12.14 trillion, was invested in the Federal Government’s securities. Among these investments, N11.59 trillion was allocated to bonds, while treasury bills absorbed N221.81 billion.
Additionally, the commission disclosed investments in agency bonds (N14.86 billion), Sukuk bonds (N124.89 billion), and green bonds (N181.57 billion). State government securities attracted N270 billion of the fund’s assets, with money market instruments receiving N1.71 trillion.
Furthermore, PenCom noted that the value of fund assets in United States Dollars amounted to N14.39 billion, calculated at an exchange rate of N1,356 per dollar.
As of the reporting period, Retirement Savings Account (RSA) subscribers totaled 10.22 million, reflecting the continued growth and participation in Nigeria’s pension system.
