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Access Pensions Reports a 70% Surge in Revenue

By Oluchukwu Ikemefuna

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Access Pensions has declared an impressive 70 percent surge in revenue, with turnover boosting from N7 billion in 2022 to N12.3 billion in 2023. As a result, its Assets Under Management (AUM) expanded by 25 percent to reach a significant N1.20 trillion.

Access Pensions

Also, the company’s yield before tax and after tax reflected the growth trend, soaring by around 70 percent each.

Access Pension Rise Caused By Series of Growth Initiatives Implemented 

The company’s shareholders also applauded the dividend distribution, which increased from N1.10k per share in 2022 to N2.20k per share. The pension has received an impressive increase in revenue that has boosted its assets. 

Access Pensions’ Managing Director/Chief Executive Officer, Dave Uduanu, attributed this performance to the growth initiatives enforced by the company. He stated his opinions in a Speaking at the Annual General Meeting (AGM) in Lagos. 

He said: “Access Pension rises beyond our expectations. The company recorded a turnover of N12.3 billion up from N7 billion in 2022. This represents about a 70 per cent increase, and the profit before tax and profit after tax increased by about 70 percent as well. But more importantly, the dividend doubled from N1.10k in 2022 to N2.20k, showcasing the company’s strong performance.”

Shareholders Speak on Access Pension Rise

Mr. Obinna Anyanwu, a shareholder, expressed his delight with the company’s performance. He praised the smooth conduct of the AGM and praised the financial statements for 2023. He describes them as encouraging and indicative of promising prospects.

Anyanwu stated: “I am quite excited; it was a great moment for me. We had a smooth AGM with almost all shareholders in agreement, supporting all motions and receiving the financial statements for 2023. Personally, I studied it page by page and word for word. The performance is quite encouraging, showing us what is to come in the future.”

Access Pensions has continued to reveal its dedication to delivering value to its shareholders. Not only to the shareholders, but also to clients, and stakeholders. Also, the company plans to continue its growth and success in the pension industry.

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Abdullahi Kafayat
Abdullahi Kafayat

Abdullahi Kafayat is an enthusiastic writer interested in the tech world. She's a graduate of Obafemi Awolowo University and has a BSc in Chemistry. You can reach her at Kafayatabdullahi17@gmail.com.

Articles: 275

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