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.
- Osinbajo says Customs multiple checkpoints will be addressed
- FG, Boi Frustrate Yes-P Scheme As Participants Shares Sad Experiences
- Dele Momodu cautions media houses on need for niche market
- Foreign inflows to Emerging market decline to lowest since January
- Nigerian Pension Administrators Groan As Workers Withdraw N61.8bn Savings
- Employers cautioned on need for Contributory Pension Scheme
- Gov. Umahi to set aside N1bn for Ebonyi pensioners – NLC