NBS Says PFA For Q 2 Stands At N 8 .2 m

The National Bureau of Statistics ( NBS ) , says Pension Fund Asset (PFA) in the second quarter stands at N8. 232 million as against N7 . 943 million recorded in the first quarter .
The NBS disclosed this in its “Pension Asset and Membership Data (Q2 2018)’’ report released in Abuja.
According to the report , the Federal Government of Nigeria (FGN ) bonds have the highest weight percentage of 49 . 08 per cent of the total PFA .
It said this was closely followed by Treasury bills with 20 . 76 per cent weight and Domestic Ordinary Shares with 8. 62 per cent weight while Green bonds has the least with 0 . 09 per cent weight.
According to the bureau, 8 ,136,202 workers were registered under the pension scheme in the period under review , compared to 7,975 ,976 registered workers in the first quarter .
It said participants within the age distribution of 30 to 39 had the highest percentage composition closely followed by participants within the age bracket of 40 - 49 years and 50 - 59 years .
It further said that participants with ages above 65 years had the least percentage composition in the period under review . ( NAN )

NBS Says PFA For Q 2 Stands At N 8 .2 m NBS Says PFA For Q 2 Stands At N 8 .2 m Reviewed by Youngblogger on 02 September Rating: 5

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