Nigeria’s pension fund assets has grown by 22.03% in the third quarter, increasing over N4.71 trillion to N26.09 trillion by September 2025, driven by increased allocations to Federal Government securities and a rise in equities and corporate bonds.
Federal government securities remain the dominant asset class, accounting for about 60% of total assets. The number of Retirement Savings Accounts also increased to approximately 10.9 million, supported by better compliance and onboarding efforts.
PenCom emphasizes expanding pension coverage, especially within Nigeria’s large informal sector, through digitization and micro-pension initiatives to improve financial inclusion and secure retirement savings for underserved workers.
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