Nigeria’s pension fund assets have risen to N26.09 trillion at the end of the third quarter of 2025.
The pension assets recorded 22.03 per cent growth as of the end of September 2025, as they rose by more than N4.71 trillion.
According to the latest monthly data released by the National Pension Commission (NPC) the rise is attributable to Pension Fund Administrators’ (PFA) deepening of their allocation to Federal Government securities.
The figures indicate that total pension assets increased from N21.38 trillion in September 2024 to N26.09 trillion in September 2025, marking a robust year-on-year expansion of the Contributory Pension Scheme.
Nigeria’s pension fund assets surpassed the N25 trillion threshold in July when they closed at N25.79 trillion.
The upward trend continued in August as the funds rose by about N97.88 billion to N25.89 trillion.
The monthly report revealed that Federal Government of Nigeria securities, comprising bonds, Sukuk, treasury bills, and agency securities, remained the dominant asset class for PFAs, accounting for roughly 60 per cent of total pension assets.
Between September 2024 and September 2025, PFAs increased their exposure to FGN securities by about N3tn, reflecting confidence in Federal Government instruments amid persistent macroeconomic uncertainties.
Pension funds also increased their participation in the equities market, with Domestic Ordinary Shares rising sharply by about N1.6 trillion year-on-year, driven by improved market valuations, increased liquidity, and strong investor sentiment.
Corporate debt instruments also received higher allocations, reflecting renewed activity in the corporate bond market and improved credit conditions for highly rated issuers.
The pension industry also recorded moderate growth as membership of Retirement Savings Accounts rose to approximately 10.9 million, supported by increased compliance enforcement, onboarding of new private-sector workers, and improved adoption of the rebranded Personal Pension Plan.
