Nigeria’s pension fund assets rose to N22.86 trillion as of January 31, 2025, marking a 1.55% increase from the N22.512 trillion recorded in December 2024, according to the latest report from the National Pension Commission (PenCom)
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The steady growth reflects the sector’s resilience despite economic challenges, driven by strategic asset allocations and a diversified investment portfolio. Federal Government of Nigeria (FGN) securities remained the dominant investment, accounting for N14.309 trillion or 62.59% of total net asset value (NAV). Investments in local equities, corporate debt, and money market instruments contributed significantly, though money market investments declined 1.50% month-on-month, while supranational bonds surged 34.09% to N27.851 billion.
The Multi-Fund Structure saw Fund II, the default Retirement Savings Account (RSA) fund, retain the largest share with N9.431 trillion, followed by Fund III at N6.014 trillion and Fund IV at N1.674 trillion. RSA membership increased to 10.615 million, reflecting a 0.31% rise.
Year-on-year, pension fund assets grew 17.05%, up from N19.53 trillion in January 2024, driven by increased pension contributions and higher portfolio values. With continued confidence in the system, the pension industry remains a crucial pillar in Nigeria’s financial sector, offering long-term stability for contributors.
