Oloworaran Reveals Pension Assets Surged by N10.7tn in 2 Years as Confidence Returns

• Says reform ended injustice, lifts retiree pay by over 1,000%, discloses retiree earning N18,000 monthly now receives N206,000 after first NSITF review in 21 years

•Pension assets rise 51% to N31.48tn as 938,229 Nigerians join contributory scheme

Deji Elumoye and James Emejo in Abuja

Director General, National Pension Commission (PenCom), Ms. Omolola Oloworaran, yesterday declared that total pension assets surged by over N10.7 trillion within two years of her stewardship, adding that confidence has returned to the pension industry.

She added that historic reforms had also ended decades of pension injustices that had left many retirees impoverished.