Fund Assets Gain N307.12bn To Hit N17.01tn
By Ngozi Onyeakusi—National Pension Commission (PenCom)
has disclosed that the fund assets has grown to N17.01 trillion in July 2023.
The commission in its unaudited report on pension funds industry portfolio for the period ended July 31, 2023, made available to SUPERNEWS in Lagos said the fund assets grew from N16.76 trillion in June to N17.01 trillion in July 2023, gaining N307.12 billion.
PenCom pointed out that Retirement Savings Account (RSA) membership stood at 10.03 million, as against 10.01 million in June, gaining 16,265 contributors.
Recall that fund assets gained N2.02 trillion between January to July 2023, moving from N14.99 trillion as at December 31, 2022 to N17.01 trillion in July 31, 2023, while 163,185 RSA holders were recorded, 9.86 million in ¹December 2022 to 10.03 million in July 2023.
PenCom stated that N11.03 trillion of the N17.06 trillion pension fund assets, had been invested in Federal Government of Nigeria (FGN) securities, which breakdown showed that Federal Government bonds
gulped N10.57 trillion; treasury bills, N198.81 billion; agency bonds, N10.98 billion; sukuk bonds, N154.75 billion and green bonds, N92.37 billion