NBS Says Pension Fund under Administration as at December 31, 2016 Now N6,164.76Bn

11/10/2017/NBS

The Nigerian Pension Fund Administration Data for 2016 reflected that the Pension Fund Asset under Management as at 31 December, 2016 stood at N6,164.76bn as against N5,302.82bn in 2015.

The total asset as at the period under review represents 6% of the GDP as against 5.57% in 2015. 98.56% of the funds were invested in domestic market while the remaining 1.44% were invested in foreign market.

FGN debt securities has the highest weight percentage of 71.28% of the total pension fund assets and closely followed by ordinary shares with 9.48% weight and money market securities with 6.51% weight while infrastructure funds has the least with 0.03% weight. 

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