Despite the various economic challenges facing the country, a Pension Fund Administrator (PFA) Premium Pension said its total assets as of December 31 have increased to N1.134 trillion.
The PFA revealed this in a document made available to The Guardian at the weekend.
Speaking at the 19th yearly general meeting of the firm in Abuja, the Chairman, Gen. Bitrus Kwaji (retd.) declared the financial result while acknowledging the challenges faced in the operating environment throughout last year.
The financial part read, “Total Assets under management experienced significant growth in 2023, reaching N1.134 trillion by December 31, 2023.”
Kwaji recognised the resilience and unwavering commitment of the staff amid various challenges, including inflation, exchange rate harmonisation, and heightened competition.
“Despite these hurdles, the company remained dedicated to serving clients with integrity and excellence,” he said.
Highlighting the company’s performance, the Chairman revealed that Premium Pension Limited maintained its position as one of the leading PFAs in Nigeria.
He also announced the approval of a final dividend of N1.94 per share, amounting to N1.276 billion, in addition to the interim dividend of N1.45 per share totaling N952.83 million paid during the year.
This marks the 16th consecutive year of dividend payments by the company, demonstrating its commitment to rewarding shareholders.
During the meeting, the Chairman announced new additions to the board in the persons of Garba Makarfi, Dr. Nenadi Usman, Dr Muhammadu Aliero, Bappayo Yahaya, Mohammed Abdullahi, Sale Yunusa, and Muhammad Barde.
The ex-military general expressed anticipation for their positive contributions to the company’s growth.
Emphasising the company’s Corporate Social Responsibility initiatives, Kwaji outlined various impactful projects undertaken to benefit society.
Further, he introduced Premium Interactive Members Assistant (PRIMA), an innovative platform launched in January 2024 to enhance customer experience and streamline operations.
