Total Pension assets in Nigeria 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 million members as of the end of 2022 to over 10 million members as of June 2023.
The director general, National Pension Commission (PenCom), Mrs Aisha Dahir-Umar made the revelations on Thursday in Lagos, at the 2023 Journalists Conference organised by the Commission for members of the press covering Pension matters.
Dahir-Umar who was represented by the head, Corporate Communication, PenCom, Mr. Abdulqadir Dahiru further stated that the CPS has ensured that public and private sector workers can build retirement savings throughout their working lives, fostering financial security during their golden years.
The theme of this year’s workshop is, “Transforming Service Delivery in the Pension Industry: Strategies for Improving Efficiency and Customer Satisfaction.”
She said it reflects PenCom’s commitment to continuous service improvement in the Pension Industry so that contributors and retirees receive the best possible experience.
She said 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,” she added.
“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 noted.
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