National Pension Commission, PenCom, announced that a total of N.71 trillion has been  invested in money market instruments while N270 billion in state government securities

This was contained in the unaudited report of PenCom on Pension Funds Industry Portfolio for the Period Ended January 31, 2024.

Also revealed in the report is the pension fund assets which stood at N19.53 trillion as at January 31, 2024, as against N18.36 trillion in December 31, 2023, gaining N1.17 trillion.

PenCom said N12.14 trillion of the fund has been invested in Federal Government of Nigeria securities, which breakdown revealed that, bonds gulp N11.59 trillion; treasury bills, N221.81 billion; agency bonds, N14.86 billion; sukuk bonds, N124.89 billion and green bonds, N181.57 billion.

PenCom said the fund assets in United States Dollars value was N14.39 billion at an exchange rate of N1,356 per a Dollar.

The Retirement Savings Account (RSA) membership as at the period was 10.22 million.