The National Pension Commission (PenCom) has put pension assets in Nigeria at N16.76 trillion as at June 30, 2023 as against N14.99 trillion in December 2022.
Mrs. Aisha Dahir-Umar, Director-General of PenCom said at the 2023 Seminar for Journalists in Lagos that 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 added: “Consequently, pension assets have risen 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. Membership also increased by 146,920 new contributors, from 9.86 members as of the end of 2022 to over 10 million members as of June 2023.”
Dahir-Umar, who was represented by Mr. Abdulquadir Dahiru, the Head of Corporate Communications at PenCom, said the Contributory Pension Scheme (CPS) has ensured that public and private sector workers can build retirement savings throughout their working lives, fostering financial security during their golden years.
Addressing the participants, she said:
“I am pleased to welcome you to the 2023 Journalists Conference organised by the National Pension Commission (PenCom) for members of the press covering Pension matters. The Journalists’ Conference is a testament to PenCom’s commitment to enhancing the knowledge and understanding of the Contributory Pension Scheme (CPS) and its impact in the lives of contributors and retirees. It is also an occasion to interact with the media and discuss developments shaping Nigeria’s pension landscape.
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 continuous service improvement in the pension industry so that contributors and retirees receive the best possible experience.”
