Tag pension fund cps records n5 3 trillion income in 2015 penop
According to the National Pension Commission (PenCom), the Total Assets Under Management (AUM) of the Contributory Pension Fund (CPF) in Nigeria as of 2015 was N5.3 trillion.
Here is a breakdown of the AUM of the CPF in Nigeria from 2011 to 2015:
- 2011: N2.3 trillion
- 2012: N3.1 trillion
- 2013: N3.8 trillion
- 2014: N4.5 trillion
- 2015: N5.3 trillion
The growth in the AUM of the CPF in Nigeria can be attributed to the increasing number of contributors, as well as the growth in the value of the assets invested by the pension fund administrators (PFAs).
It's worth noting that the CPF is a mandatory savings scheme for employees in the formal sector of the Nigerian economy, and the funds are managed by licensed PFAs. The scheme is designed to provide a retirement benefit for employees, and the funds are invested in a diversified portfolio of assets, including stocks, bonds, and real estate.