The Nigerian Pension Fund's phenomenal growth circa by circa till date has not abated but rather grew exponentially at the end of 2019.The total pension assets under the contributory scheme during the period under review grew by 1.58trillion naira in one year alone specifically between 2018 and 2019 respectively.According to the latest figure from the Nigerian Pension Commission,the total asset was put at 8.61tr.at the end of 2018 and skyrocketed to 10.21 trillion naira at the end of 2019.
The money invested in Federal government securities rose to 7.34trillion naira at the end of December 2019 compared to about 6.31trillion invested in the corresponding period of 2018.
Some funds were invested in agency bonds and money market instruments like commercial papers,treasury bills,local and foreign mutual funds,supranational bonds,open and closed funds.Others include private equity funds,real estate investment trusts,infrastructural,cash and other markets.The director general of Nigerian
Pension Commission Muhamed
The money invested in Federal government securities rose to 7.34trillion naira at the end of December 2019 compared to about 6.31trillion invested in the corresponding period of 2018.
Some funds were invested in agency bonds and money market instruments like commercial papers,treasury bills,local and foreign mutual funds,supranational bonds,open and closed funds.Others include private equity funds,real estate investment trusts,infrastructural,cash and other markets.The director general of Nigerian
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