The National Bureau of Statistics (NBS) published national pension scheme membership data from first quarter 2014 to the third quater 2016. Here are highlights of the reports
- Pension scheme membership rose from 6.09 million in Q1 2014 to 6.51 million in Q1 2015
- It further rose to 7.07 million in Q1 2016 and is 7.30million as at Q3 2016.
- As at Q3 2016, retirement savings account membership made up 99% of total pensions. Federal had 1.8 million members, States were 1.4 millon & private members, 3.8 million.
- 5.1 million members were male and 2.0 million female with age group 30-39 years, having the highest membership.
See full report below