By NKECHI NAECHE-ESEZOBOR–The National Pension Commission (PenCom) said pension fund assets under the Contributory Pension Scheme (CPS) has increased to N12.66 trillion as at June 30.
The Commission’s disclosed this at the 2021 Journalists Workshop in Lagos, with the theme: Positioning the Pension Industry in the Post COVID-19 Era, the Director General, PenCom , Mrs Aisha Dahir-Umar, said that the consistent growth trajectory justified the commission’s overriding investment philosophy of ensuring the safety of pension fund assets.
The Director General who was represented by Mr Peter Aghahowa, Head, Corporate Communication, PenCom, assured pension stakeholders that the implementation of the CPS remained on course.
Dahir-Umar stated that the emergence of the COVID-19 pandemic necessitated a review of business processes across various organisations, which made it imperative for the commision to deepen technology innovation.
“COVID-19 has engendered socio-economic disruptions of the entire global order, with multifarious challenges in conducting hitherto routine activities.
“It was, therefore, imperative for the commission to deepen technological innovation to navigate through the challenges imposed by the pandemic.
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