Abuja, July 10, 2023: The 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.
The Director General of National Pension Commission (PenCom),
Mrs Aisha Dahir-Umar, Director-General, made the disclosure at a conference organised for journalists covering the pension and finance in Abuja on Thursday.
The theme of this year’s workshop, “Transforming Service Delivery in the Pension Industry: Strategies for Improving Efficiency and Customer Satisfaction.”
Dahir-Umar whom was represented by, the Head, Corporate Communications of PenCom, Mr Abdulqadir Dahiru, said membership also increased by 146,920 new contributors.
She said that from 9.86 members as of the end of 2022 to over 10 million members as of June 2023.
Dahir-Umar said that PenCom was commitment to continuous service improvement in the pension industry so that contributors and retirees receive the best possible experience.
She said 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.
Dahir-Umar said that 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.
She also commended the journalists for their reportage.
“Let us embrace the spirit of learning, collaboration, and progress throughout this event and beyond.” Dahir-Umar said.
