Nigeria: Pension Funds Hits $16 Billion Dollars, Says PenCom

14 June 2012

THE Contributory Pension Scheme, CPS, has raked in a total of 16 billion US Dollars since kick-off in 2004, the Director-General of National Pension Commission, PenCom, Mr. Mohammed Ahmad, has announced.

Mr. Ahamd who spoke at the meeting of the Migrant Workers' Working Group of the International Social Security Association, in Abuja, Nigeria, said this is equivalent to N2.6 Trillion.

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