8.85 million Nigerians contribute N9.58 trillion as pension — PenCom

The National Pension Commission (PenCom) on Thursday disclosed that the number of registered contributors under the Contributory Pension Scheme (CPS) stood at 8.85 million as at September.

The Director-General of PENCOM, Aisha Dahir-Umar, made the disclosure at the 2019 Journalists Workshop, with the theme, “Expanding Coverage of the Pension Industry”, organised by the commission in Benin, Edo State.

Mrs Dahir-Umar, represented by Kunle Odebiyi, Head, Micro Pensions Department, PenCom, noted that the Pension Fund Assets (PFAs) was N9.58 trillion during the same period under review.

She explained that the growth justified the commission’s emphasis on the safety of pension funds as the bedrock of sustaining the Contributory Pension Scheme.

The PenCom boss assured stakeholders…

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