Pension share to GDP rises to 6% in 2016 – NBS

UG Pension gets ISO certification for quality customer service
UG Pension gets ISO certification for quality customer service

By Kehinde Ogunyale

According to a data released by National Bureau of Statistics, the Nigerian Pension Fund Asset stood at 6% as against 5.57% in 2015.

The data reflected a total of N6,164.76bn generated as against N5,302.82bn in 2015.

According to the NBS,”98.56% of the funds were invested in domestic market while the remaining 1.44% were invested in foreign market.


“FGN debt securities has the highest weight percentage of 71.28% of the total pension fund assets and closely followed by ordinary shares with 9.48% weight and money market securities with 6.51% weight while infrastructure funds has the least with 0.03% weight.

“Participants within the age distribution below 40years have the highest percentage composition by sector and gender, closely followed by participants within the age brackets of 40 participants above 60years ha49years and 5059years respectively while s the least percentage composition by sector and gender.

The report showed that N4,610.97bn in 2014; N4,058.09bn in 2013 and N3.151.61bn in 2012.

Make lots of money by Selling your post-UTME past questions for any school on – Get 50% from all sales and get paid within 48hrs. Mail us on:, Call or Whatsapp: 08141171945. Click here to register

whatsapp icon

Have a story to tell, or images to share on breaking news in Nigeria or beyond? Send them to FINANCIAL WATCH via Whatsapp (081 4117 1945)


AnsweredHassan Abdul asked 4 days ago • 
66 views7 answers1 votes
OpenOpeyemi Jerome asked 1 week ago • 
67 views0 answers0 votes
AnsweredMike Ugezeh asked 1 week ago • 
73 views1 answers3 votes
AnsweredAdeyemi Osas asked 1 week ago • 
71 views3 answers3 votes
OpenShola Williams asked 1 week ago • 
64 views0 answers1 votes


Comments expressed here do not reflect the opinions of  FINANCIAL WATCH or any employee thereof

Be the first to comment

Leave a Reply

Your email address will not be published.