The Director-General of the National Pension Commission (PenCom), Omolola Oloworaran, has revealed that pension fund assets in Nigeria reached N21.92 trillion in October 2024, even as challenges persist in the industry.
In May 2024, the Nigerian pension industry maintained its uptrend, reaching an all-time high of N20.23 trillion.
Nigeria’s total pension assets jumped to N16.76 trillion in June 2023, representing a N1.77 trillion (12%) increase compared to N14.99 trillion recorded at the beginning of the year.
PenCom has disclosed that the worth of pension assets has increased from N7.44 trillion in January 2019 to N9.33 trillion as at the end of June 2019.
Millennials' silence towards pension is a great concern
