Mrs Chinelo Anohu-Amazu, Director-General (DG), National Pension Commission (PenCom), on Monday said that the Contributory Pension Fund (CPF) had risen to over N5 trillion in its 10 years of operation.

Anohu-Amazu disclosed this while speaking at the second edition of the World Pension Summit, Africa Special, held in Abuja.

The News Agency of Nigeria (NAN) reports that the summit had the theme: “Building Sustainable Pension Systems in Africa.”

She said that the summit was designed to bring up practical and enduring strategies for pension fund regulation in the continent.

The director general said that sustainable pension systems in Africa were reflective of the emerging consensus of the continent on the need to institutionalise a robust pension system.

Anohu-Amazu said that the aim of the summit was to evolve measures to tackle the plethora of development challenges that plagued Africa in the 21st Century.

She said the summit was also in line with the multilateral paradigm shift of promoting sustainable development goals within the institutional framework of the United Nations 2030 Agenda for sustainable development.

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