PenCom DG, Aisha Dahir-Umar

By Ngozi Onyeakusi—National Pension Commission (PenCom) has released the contributions received from the Micro Pension Contributors (MPC) per Pension Fund Administrators (PFA) in its 4th quarter 2022 report.
Total Pension contributions received from MPCs in Q4 of 2022 stands N42,118,380.

This brings total Pension contributions received from inception of Micro Pension Plan in March 2019 to 31st December 2022 to N368,034,393.

Breakdown of the report showed that Stanbic IBTC Pension Managers Limited, ARM Pension Managers Limited and Premium Pension Managers Limited have the highest contributions collected within the period of October to December 2022 with N16,943,318, N11,611,148 and N3,006,300 respectively.

On the other hand, First Guarantee Pension Limited, Radix Pension Managers and Norrenberger Pensions recorded low contributions with N57,200, N36,000 and N34,340 respectively.

Sigma Pension did not receive any contributions from their registered MPCs within the period of 4th quarter of 2022.

A break down of micro pension contributions received since inception of Micro Pension Plan in March 2019 to 31st December 2022 showed that Stanbic IBTC Pension Managers Limited, ARM Pension Managers Limited and Fidelity Pension Managers Limited accounted for the largest amount with N160,278,159, N50,231 013 and N39,493 887 representing 43.55 percent, 13.65 percent and 10.73 percent respectively as at 31st December 2022.