The National Pension Commission (PenCom) has put the total pension fund assets at N8.14 trillion as of May this year, up from the N7.52 trillion grossed in December last year.
The Commission, in a statement signed by its spokesperson, Mr Peter Aghahowa, disclosed that N5.2 trillion, representing 70.08 percent of the total accrued assets, had been invested in Federal Government’s securities by the Pension Fund Administrators (PFAs).
Aghahowa stated further: “A breakdown of the investment shows that FGN bonds got N3.96tn; treasury bills, N1.68tn; agency bonds like the Nigeria Mortgage Refinancing Company and the Federal Mortgage Bank of Nigeria, N6.54bn; Sukuk bonds got N51.98bn; and green bonds, got N8.26bn.
“The state government securities gulped N154.02bn; corporate bonds, N393.27bn; corporate infrastructure bonds, N8.36bn; banks, N662.80bn; commercial papers, N71.75bn; and real estate properties, N228.86bn.
“Other classes of assets are supra-national bonds, N8.21bn; open/close end funds, N10.16bn; mutual funds, N19.87bn; private equity fund, N37.27bn; infrastructure fund, N8.95bn; and cash and other assets, N96.13bn”, he added.