The National Pension Commission (PenCom) said that the total pension fund assets stood at N8.14 trillion as at May, 2018.
PenCom in a statement signed by its spokesman, Mr Peter Aghahowa, on Sunday said the assets rose from N7.52 trillion in December 2017, to N8.14 trillion in May 2018.
The commission said,”the pension assets as at December 2017 stood at N7.52tn. It moved up to N7.8 trillion as at February and soared to N7.94 trillion in March, then to N8.14 trillion in May.”
It also said that N5.2 trillion has been invested in Federal Government Securities by the Pension Fund Administrators (PFAs)
It said the investment represented 70.08 per cent of the N8.14 trillion pension assets.
“In a breakdown of the investment, FGN bonds got N3.96 trillion; treasury bills, N1.68 trillion, agency bond like the Nigeria Mortgage Refinancing Company (NMRC)…
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