Pension fund assets surge to N17.07 Trillion

In a financial development that underscores the resilience of Nigeria’s pension system, the National Pension Commission (PenCom) has unveiled impressive figures regarding pension fund assets, revealing a notable uptick to N17.07 trillion as of the end of July 2023.

This remarkable achievement reflects a robust increase of approximately 1.85% when juxtaposed with the N16.76 trillion reported as the net asset value in June 2023.

These latest figures, disclosed through the monthly report available on the PenCom website, affirm the steady growth trajectory of the nation’s pension fund assets.

The burgeoning wealth within Nigeria’s pension system signifies not only the commendable efforts of the Commission but also the confidence and contributions of Nigerian workers and their employers.