Employers remit N692bn pension contribution

Oct. 14, 2024 - Punch Newspapers

In the period under review, the public sector had the highest contribution of N380.28bn compared to N311.

72bn from the private sector. At the end of June, the total pension contribution since inception had risen to N10.

63tn compared to N9.37tn at the end of the same period in 2023.

The total pension remittances for 2023 stood at N1.32tn.

Meanwhile, there have been no changes in the status of the implementation of the Contributory Pension Scheme and other pension arrangements by States within the period under review. However, if more states were to join the Contributory Pension Scheme, these numbers could improve even further.

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