Contributory Pension assets hit N22.26tn in November 2024

Nike Popoola

The total assets under the Contributory Pension Scheme rose to N22.26tn at the end of November 2024.

According to figures obtained by Daily Economy from the National Pension Commission’s report titled, ‘Unaudited report on pension funds industry portfolio; Approved Existing Schemes, Closed Pension Fund Administrators and RSA Funds (Including unremitted contributions @CBN & Legacy Funds)’, the total assets rose from N18.35tn as of December 2023.

The bulk of the assets totaling N13.83tn was invested in the FGN securities.

Other portfolio where the pension operators invested the assets are in money market instruments, and mutual funds.