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The National Pension Commission on Saturday said no fewer than 184,979 retirees benefited from Contributory Pensions Scheme.

The acting director-general of the commission, Mrs. Aisha Dahir-Umar, announced this at a retreat organised by Pension Operators (PenOp) in Abeokuta.

She said as of March 2017, the retirees were currently receiving pensions regularly with an average monthly payment of N6.7 billion.

She commended the Federal Government for providing a stable, predictable and adequate source of income for employees.

Dahir-Umar, represented by the Head of Research and Management, PenCom, Mr. Aminu Farouk, said the Pension Fund Assets had also grown to N6.42 trillion.

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She said the N6.42 trillion represents the total pension asset grown as at March with an average monthly contribution of N30 billion.

He said the number of registered contributors grew significantly to 7.4 million within the same period.

She said the total pension assets were equivalent to six per cent of the Nigeria rebased Gross Domestic Product.

According to her, PenCom has been able to pull more than 200,000 private sector employers of labour to the scheme and has contributed more than 60 per cent of the total pension assets.

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