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PENCOM: Nigerian Pension Funds Hits N3.38trillion, about 8% Of GDP

Ugodre Obi-chukwu by Ugodre Obi-chukwu
June 5, 2013
in Uncategorized
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The total Pension Assets as at the 1st quarter of 2013  was about N3.38 trillion, according to the acting Director General of the National Pension Commission (PENCOM), Mrs Chinelo Anohu-Amazu.

Speaking at a lecture to members of the IBB Golf Club in Abuja, on a paper titled ‘Pension Administration in Nigeria in the 21st Century: Gains, Challenges and prospects,’  Anohu-Amazu said as a result of the reforms in the industry, there is monthly inflow of about N25 billion Pension  Assets with an average annual growth rate of 30 percent.

Pension funds hit N3.38trn-PenCom DG

Tags: News ReviewNigeriapencompension funds
Ugodre Obi-chukwu

Ugodre Obi-chukwu

Ugo Obi-Chukwu "Ugodre" is the Founder, Publisher, and Chief Analyst of Nairametrics, a leading business and financial news online platform in Nigeria. Ugo is also the Chief Editor of the Nairametrics “Blurb” Opinion pages. Follow Ugodre on Twitter @ugodre and Instagram @ugodre Email: ugodre@nairametrics.com

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