Status of Contributory Pension Assets as at End of March 2020

June 5, 2020 PensionNigeria

Contributory Pension Assets reduced by approximately N180 Billion in March 2020 compared to an increase of N77 Billion in February 2020. The reduction can be attributed to the effect of the Coronavirus pandemic on investments.

The total assets under the Contributory Pension Scheme reduced to approximately N10.33 Trillion as at the end of March 2020 compared to the N10.51 Trillion as at end of February 2020.

The Top 7 places pension funds were invested as at March 2020 are;

FGN Securities N7.02 Trillion (67.94%)
Local Money Market Securities N1.60 Trillion (15.47%)
Corporate Debt Securities N650b (6.29%)
Domestic Ordinary Shares N442b (4.28%)
Real Estate Properties N218b (2.11%)
State Govt. Securities N157b (1.52%)
Cash & Other Assets N66b (0.63%)