Breaking News
Translate

National Pension scheme hits N1.2trn assets mark

By Austin Ogwuda
ASABA—DIRECTOR GENERAL of the Nigerian Pensions Commission, Alhaji Muhammad Ahmad, disclosed in Asaba yesterday that the commission has hit a N1.2 trillion mark as pension assets.

He also said about four million Nigerian workers, both at the federal and state level, including the private sector, have signed on to the new pension scheme.

Alhaji Ahmad stated this while fielding questions from newsmen in Asaba shortly after the Chairman of the Commission, Chief Oluwole Alani, led a team of the commission on a courtesy visit to Delta State Deputy Governor, Prof. Amos Utuama (SAN).

Explaining that the pension reform in the country was succeeding, Ahmad said “we have 26 pension fund administrators; we have seven pension fund custodians; we have licensed either related operators.

“About 3.8 million Nigerians have signed on to this new scheme at the federal, state and private sector. We have accumulated close to N1.2 trillion by way of pension asset”.

Delta State deputy governor, Prof. Utuama had earlier told the visiting Pension Commission top officials that “this is the only state where we are contributing 16 per cent. So we have done a 100 per cent plus one.

“Our civil servants, our public servant are  not overhead cost but they are asset to our government. We look after them while in service and after the service, we are also concerned with their welfare, hence we have embraced the pension reform”.

Meanwhile, the State’s Head of Service (HOS), Dr. Sam Okpokpor ,while speaking at a public lecture as part of the 2009 public service week celebrations, called on public servants “to enrich their knowledge and gather information on issues that will help in the performance of their duties”.


Disclaimer

Comments expressed here do not reflect the opinions of vanguard newspapers or any employee thereof.