Nigeria’s pension assets surged to N29.43 trillion in February, marking a month-on-month increase of N1.39 trillion, according to data released by the National Pension Commission (PenCom).
This growth represents the largest monthly expansion since the introduction of the contributory pension scheme over 20 years ago, surpassing the previous record of N1.18 trillion in January 2024.
Total assets rose from N28.04 trillion in January, driven mainly by fresh contributions and valuation gains, particularly in the equities segment.
Domestic equity investments climbed to N5.41 trillion, highlighting pension funds’ increasing involvement in Nigeria’s stock market.
Meanwhile, foreign equity exposure remained modest at N261.99 billion, reflecting a cautious approach amid global economic uncertainties.
Read Also:
- Anambra pupils to face one-week suspension over Monday school absences, says Commissioner for Education cautions
- Delta North APC ward chairmen demand suspension of congress, allege marginalisation, bias
- Ogun unveils new pension reform initiative to strengthen retirement security for workers
PenCom’s breakdown showed growth across other asset classes as well, with corporate debt securities rising to N2.25 trillion, and state government bonds standing at N368.99 billion
Money market instruments: N2.74 trillion (including N2.50 trillion in fixed deposits and bank acceptances, and N209.23 billion in commercial papers)
Investments in alternative assets remained moderate, with infrastructure funds at N300.02 billion, private equity at N258.31 billion, real estate at N169.52 billion, and Real Estate Investment Trusts (REITs) at N77.64 billion.
On fund performance, RSA Fund IV continued to be the largest contributor to overall asset growth, holding N12.67 trillion in assets due to its high concentration of active contributors, while RSA Fund II also played a significant role in total pension asset accumulation.
Additionally, total retirement savings account membership rose to over 11.13 million in February, demonstrating sustained growth in pension enrolment nationwide.
According to the recent report, the data underscores the continued expansion and diversification of Nigeria’s pension industry, highlighting its increasing role in supporting long-term financial security and capital market development.
