Nigeria’s Pension assets hit N20.79tn in July 2024 – PenCom
The National Pension Commission said that pension fund assets under the contributory Pension have risen to N20.79 trillion as of July 2024.
The Acting Director General of the Commission, Omolola Oloworaran disclosed this on Wednesday at the Quarterly Consultative Forum for states and the Federal Capital Territory pension bureaus/boards/commissions in Lagos.
Oloworaran also revealed that states had collectively remitted over N236.7 billion between January 2020 and the second quarter of 2024.
“Pension fund assets under the CPS continue to grow, with total Assets under Management soaring to N20.79 trillion as of July 2024.
“We are pleased to note the steady remittance of contributions by States, with over N236.7 billion remitted by States between January 2020 and the second quarter of 2024,” he stated.
Oloworaran added that based on the record as of Wednesday, 25 states, including the FCT, have enacted pension laws on the CPS, while six were at the bill stage.
Nigeria’s Pension assets hit N20.79tn in July 2024 – PenCom
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