The National Pension Commission (PenCom) announced that pension fund assets under the Contributory Pension Scheme reached N23.33 trillion by March 31, 2025, reflecting robust growth in Nigeria’s pension sector. The increase of N820 billion from N22.51 trillion in December 2024 underscores rising contributions and investment gains, according to PenCom’s Director of Surveillance, Mr. Saleem Abdulrahman.
The growth in pension assets was driven by additional contributions from Retirement Savings Account (RSA) holders and investment income, including gains from equity price appreciation and interest from fixed-income securities. Abdulrahman highlighted that RSA Funds I–VI accounted for N17.90 trillion, or 76.73 percent of the total assets, demonstrating the dominance of these funds in the pension portfolio.
Breaking down the investment allocations, Federal Government Securities comprised 62.09 percent of the total pension assets, followed by domestic ordinary shares at 11.02 percent and money market instruments at 8.91 percent. Existing Schemes and Closed Pension Funds contributed N2.77 trillion (11.87 percent) and N2.66 trillion (11.40 percent), respectively, as of March 31, 2025. The industry portfolio reported an annualized year-to-date performance of 19.29 percent.
PenCom, in collaboration with Financial Sector Deepening Africa (FSD Africa), is organizing a workshop to promote diversified pension fund investments. Targeting chairpersons of Pension Fund Administrators’ investment and risk management committees, the initiative aims to enhance portfolio performance through alternative assets, ensuring safer and more resilient pension funds for contributors.
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