The acting Director-General of the National Pension Commission, Aisha Dahir-Umar, says the total pension assets in Nigeria rose from N7.44tn in January to over N9tn as of March.
Dahir-Umar attributed the boost in the pension assets to the support of the organised private sector and labour.
The Pencom DG, who was represented by Salihu Bwala, made the disclosure on Thursday in Port Harcourt, Rivers State, during the Nigeria Employers’ Consultative Association and Pencom interactive session on current developments and challenges in the implementation of the Pension Reform Act, 2014.
She said, “The pension industry is one of the fastest growing industries in the country with the support of the organised private sector and labour.
“The Contributory PensionScheme plan currently has over N9tr pension assets. This feat could not have been achieved without the support of the organised private sector.”
She explained that the commission had developed a software application that tackled the problem of multiple registrations and urged employers to encourage their employees to avail themselves to their respective pension administrators for data recapture and regularisation.
– Source: PUNCH