The National Pension Commission unaudited report of pension fund assets for the month of March 2021, showed a renewed bulging of the volume of funds with N12.34tr pooled as against N12.24tr for the month of February 2021, a rise of N100bn.
PenCom report also acknowledged that the total retirement savings account (RSA) registration also hit 9.30 million as against 9.27 million on the block in February.
Pension assets have experienced undulating run in recent months; pension fund was N12.29 tr in January, dropped to N12.24 tr in February, and in March earned more N100bn for a ticket to be put on solid rock boosters for a lift off the dip marks.
Adhering to safe investment policies, N8.51tr has so far been invested in federal government securities out of the total N12.34tr. Federal government bonds gulped N7.67tr; treasury bills, N721.74 bn; agency bond, N12.91 bn; Sukuk bonds, N85.09 bn and green bonds N12.88 bn.