By NIyi JACOBS
Nigeria’s pension sector maintained strong momentum in May 2025, with all Retirement Savings Account (RSA) fund categories posting positive returns despite market volatility.
RSA Fund I, the most aggressive investment option, led the pack with a 2.42% average return. OAK Pensions Limited dominated this category with a stellar 3.89% performance, making it the best-performing Pension Fund Administrator (PFA) for the month.
Pensions Alliance Limited and Trustfund Pensions Plc followed closely, with overall returns of 2.25% and 2.23%, respectively.
FCMB Pensions Limited outperformed in RSA Fund II—the default for contributors under 50—returning 2.67%. Guaranty Trust Pension Managers topped RSA Fund III with 2.18%, while Nigeria Police Force Pensions led RSA Fund IV with 1.58%.
Across all four RSA funds, the average return stood at 1.85%, reflecting resilience amid macroeconomic uncertainty. All 17 PFAs analyzed delivered positive returns.
Nigeria’s total pension assets reached ₦23.27 trillion in March 2025, with RSA Fund II accounting for ₦9.65 trillion—the highest by net asset value.
Analysts say the sector’s steady growth highlights its importance as a long-term savings buffer despite inflation and economic headwinds.
