As at end of May, 2018, total pension fund assets stood at N8.14 trillion, the National Pension Commission (PenCom) has revealed.
According to PenCom spokesman, Peter Aghahowa, the assets rose from N7.52 trillion in December 2017, adding that: ”The pension assets as at December 2017 stood at N7.52tr, it moved up to N7.8 trillion as at February and soared to N7.94 trillion in March, then to N8.14 trillion in May.”
Meanwhile, N5.2 trillion had been invested in Federal Government Securities by the Pension Fund Administrators (PFAs), representing 70.08 per cent of the N8.14 trillion pension assets.
PenCom said: “A breakdown of the investment is FGN bonds got N3.96 trillion; treasury bills, N1.68 trillion, agency bond like the Nigeria Mortgage Refinancing Company (NMRC) and the Federal Mortgage Bank of Nigeria (FMBN) got N6.54 billion, Sukuk bonds got N51.98 billion and green bond got N8.26 billion.
“The state government securities gulped N154.02 billion; corporate bonds, N393.27 billion; corporate infrastructure bonds, N8.36 billion; banks, N662.80 billion; commercial papers, N71.75 billion and estate properties, N228.86 billion.
“Other classes of assets include, supra-national bonds, N8.21 billion; open/close end funds, N10.16 billion; mutual funds, N1987 billion; private equity fund N3727 billion; infrastructure fund, N8.95 billion and cash & other assets N96.13 billion.”