Nigeria’s pension assets hits N16.76trn in H1’23
By Joy Obakeye
Nigeria’s pension assets rose by N1.77 trillion in the first half of 2023, from N14.99 trillion in December 2022 to N16.76 trillion at the end of June 2023, that’s according to the National Pension Commission.
PenCom disclosed this during the 2023 Journalists Conference in Lagos.
In her welcome remark, PENCOM Director General, Aisha Dahir-Umar, noted that membership also increased by 146,920 new contributors, from 9.86 million members as of the end of 2022 to over 10 million members as of June 2023.
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“PenCom’s proactive regulatory approach has strengthened the oversight and governance of pension funds, promoting transparency, accountability and safeguarding the interests of pension contributors,” she stressed.
The DG noted that the Contributory Pension Scheme has ensured that public and private sector workers can build retirement savings throughout their working lives, thereby, fostering financial security during their golden years.
Speaking on the workshop, Dahir-Umar noted that the theme of this year’s workshop, “Transforming Service Delivery in the Pension Industry: Strategies for Improving Efficiency and Customer Satisfaction,” is both timely and crucial. “It reflects PenCom’s commitment to service improvement in the Pension Industry so that contributors and retirees receive the best possible experience.”
The conference saw speakers touch on 3 key areas including; enhancing Customer Service in the Pension Industry: PenCom’s New Strategic Plan, Strengthening Regulatory Oversight for Improved Service Delivery in the Pension Industry and Improving Accessibility and Service Delivery in RSA Mortgage Financing.
