The N8.51 trillion is the amount invested in FG securities since the inception of the contributory pension scheme , precisely from 2004 to July 2021.
To this end, more than 70 per cent of the pension funds have so far been invested in these securities as it has allowed the federal government meets its civic responsibilities of paying salaries, fix damaged infrastructure as well as embark on capital intensive projects. This also forms the bulk of federal government local borrowing.
Similarly, the nation’s pension fund assets rose significantly to N12.78 trillion as at the end of July, 2021, by N120 billion, from the N12.66 trillion figure as at the end of June, 2021.