The Nigerian Pension Fund Administration Data for 2016 reflected that the Pension Fund Asset under Management as at 31 December, 2016 stood at N6,164.76bn as against N5,302.82bn in 2015.
The total asset as at the period under review represents 6% of the GDP as against 5.57% in 2015. 98.56% of the funds were invested in domestic market while the remaining 1.44% were invested in foreign market.
FGN debt securities has the highest weight percentage of 71.28% of the total pension fund assets and closely followed by ordinary shares with 9.48% weight and money market securities with 6.51% weight while infrastructure funds has the least with 0.03% weight.
Participants within the age distribution below 40years have the highest percentage composition by sector and gender, closely followed by participants within the age brackets of 40-49years and 50-59years respectively while participants above 60years has the least percentage composition by sector and gender.