The National Pension Commission (PenCom) reported N20.48 trillion in total pension fund assets in June.
This result reflects a 1.27 per cent rise, or N256.76 billion, over the N20.22 trillion recorded in May.
The information is included in PenCom‘s ‘2024 June Monthly Report’.
The unaudited report on the pension funds industry portfolio for the period ending June 30, 2024, comprises federal government assets such as bonds, Treasury bills, sukuk, and green bonds.
According to the report, as of June, approximately N12.96 trillion (63.27 per cent) of the fund was invested in FGN securities, which was slightly higher than 63.22 per cent in May.
The report showed that corporate debt securities increased to N2.20 trillion (10.78 per cent), while money market instruments accounted for N1.91 trillion (9.34 percent).
However, the agency reported that investment in mutual funds fell to N83 billion (0.41 percent), down from N95 billion (0.47 per cent) the month before.
Also, retirement savings account (RSA) registration increased from 10,351,624 the previous month to 10,381,019, reflecting a 0.28 per cent gain.
On July 13, President Bola Tinubu selected Omolola Oloworaran as PenCom‘s director-general (DG).
Oloworaran succeeds Aisha Dahir-Umar, who was confirmed as the substantive director-general of PenCom in 2017.