The National Pension Commission (PenCom) has stated that total pension fund assets recorded a growth of N20.48 trillion in June.
The data is contained in PenCom’s ‘2024 June Monthly Report.
The figure reflects an increase of N256.76 billion or 1.27 per cent compared to the N20.22 trillion recorded in May.
The unaudited report on the pension funds industry portfolio for the period ended June 30, 2024, includes federal government securities like bonds, treasury bills, sukuk and green bonds.
According to the report, as of June, about N12.96 trillion (63.27 per cent) of the fund was invested in FGN securities, slightly higher than 63.22 percent in May.
The data showed that corporate debt securities rose to N2.20 trillion (10.78 percent), and money market instruments accounted for N1.91 trillion (9.34 percent).
However, the agency said investment in mutual funds declined to N83 billion (0.41 per cent) from N95 billion or 0.47 percent recorded in the previous month.
Also, retirement savings account (RSA) registration rose from 10,351,624 in the previous month to 10,381,019 – representing an increase of 0.28 per cent.
