The National Bureau of Statistics (NBS) has disclosed that 7.82 million workers are registered under the pension scheme in the fourth quarter of 2017 compared to 7.71 million registered workers in the third quarter of the year. The NBS made this known in a report titled “Pension Asset and Membership Data for Fourth Quarter, 2017’’, posted on its website on Thursday. The Bureau according to NAN stated that the Pension Fund Asset under Management as at fourth quarter stood at N7.5 trillion as against N7.2 trillion in third quarter of the year.
The report added that Federal Government Bonds had the highest weight percentage of 53.81 per cent of the total pension fund assets closely followed by treasury bills with 15.68 per cent weight.
The report pecks domestic ordinary shares at 8.94 per cent weight while agency bonds had the least with 0.08 per cent weight.
