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Pension assets rises to 7.7 trillion naira

The value of pension assets under the Contributory Pension Scheme has risen to seven point seven trillion naira.

In a statement by the acting Director General of the National Pension Commission, Mrs. Aisha Dahir-Umar, the figure represents an increase of over two hundred and seventy billion over of December 2017.

Mrs. Dahiru-Umar said the Commission had also begun the implementation of the pension enhancement programme under which returns being generated on the balances of retirees is used to increase their monthly pensions.

She said the Commission was also hopeful that outstanding pension liabilities of the Federal Government will be paid with the passage of the 2018 budget.

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