Pension Fund Assets Accrual Hit N8.14 Trillion, Investments Amount To N5.2 Trillion

By CLEMENT NWOJI, Abuja

Accrual of Pension Fund Assets have increased to N8.14 trillion as at end of May, 2018 and out of which, N5.2 trillion was invested in Federal Government Securities by the Pension Fund Administrators (PFAs), according to statistics released by the National Pension Commission (PenCom).

Further, PenCom in the statistics contained in a statement by the Head, Corporate Affairs, Mr Peter Aghahowa, the fund assets rose from N7.52 trillion in December 2017, to N8.14 trillion in May, 2018.

He disclosed that the amount of N5.2 trillion invested represented 70.08 per cent of the N8.14 trillion pension assets.

According to the Commission, “The pension assets as at December 2017 stood at N7.52tn, 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.

“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.”