Showing posts with label administration of pension. Show all posts
Showing posts with label administration of pension. Show all posts

Tuesday, 8 July 2014

FG targets N15.5trn pension assets by 2024

The Federal Government estimates that it could grow the nation’s pension assets by almost 300 percent from $27.2 billion (about N4.216 trillion) March 2014 figure to $100 billion (N15.5 trillion) in the next two decades.
From a deficit of about N2 trillion (about $12.9 billion) in 2004, Nigeria has in ten years accumulated pension assets to a record N4.216 trillion, showing some 9 percent of the nation’s old GDP and 5 percent of the rebased figure.
Speaking on Monday in Abuja as he