Data from the National Pension Commission (PenCom) have revealed that Nigeria’s pension fund assets dropped marginally to N19.669 trillion for the period ended 31st March 2024.
This represents a marginal decrease of about 0.45% when compared with N19.759 trillion reported as net asset value(NAV) in February 2024.
This was contained in the commission’s monthly report for March 2024 released by PenCom and seen by Nairmetrics.
Portfolio allocation
According to the report, the total pension fund net asset value dropped to N19.669 trillion in March compared to N19.759 trillion reported a month earlier.
Fund II, which is the default RSA Fund under the Multi-Fund Structure, maintained the largest share of the Active RSA Funds allocation with N8.331 trillion or 42.35% of the total fund NAV.
Pension funds’ NAVs have risen from N14.9 trillion in December 2022 to N19.7 trillion in March, representing or a whopping N4.8 trillion or 32.21% increase.
2024-March-Monthly-Report.pdf (pencom.gov.ng)