Lagos State tops loan beneficiaries from Nigeria’s Pension Fund
N1.97 trillion was held as money market securities, N1.04 trillion as ordinary shares, N930.74 as corporate debt securities, and N178.81 as state government securities.
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Ninety percent of the Nigeria Labour force is without a pension scheme
The majority of Nigeria’s senior citizens may die without benefitting from pensions. An analysis of the Pension Asset and Membership Data and the Labour force statistics reveal over 90 per cent of Nigerian workers are not on any pension scheme.