Federal Government Securities Lead as Nigeria’s Pension Assets Reach ₦23.65 Trillion.
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- Federal Government Securities Lead as Nigeria’s Pension Assets Reach ₦23.65 Trillion.
Federal Government Securities Lead as Nigeria’s Pension Assets Reach ₦23.65 Trillion.
As of April 2025, Nigeria’s total pension assets increased to ₦23.65 trillion, up from ₦23.33 trillion in March, according to an unaudited report by the National Pension Commission (PenCom).
The total includes assets from all approved pension schemes, closed pension fund administrators, retirement savings account (RSA) funds, and unremitted contributions.
The data highlights a continued preference for government-backed investments. Federal Government securities including FGN bonds, treasury bills, Sukuk, agency bonds, and green bonds remain the largest component of pension fund portfolios.
Despite ongoing efforts by PenCom to encourage pension fund administrators (PFAs) to diversify their investments into alternative assets, the pension industry remains heavily concentrated in government securities.
At a recent workshop in Lagos for board-level investment and risk committee members of PFAs, PenCom Director-General Omolola Oloworaran emphasized the need for broader diversification. She noted that while liquidity and safety have driven the heavy reliance on government securities, this approach limits long-term growth potential.
“Alternative assets such as infrastructure and private equity align better with the long-term nature of pension liabilities,” Oloworaran said. “They also offer opportunities for diversification and improved risk-adjusted returns.”
Among the various pension funds, Fund II, which serves active contributors under 49 years old, remains the largest. Fund III, aimed at contributors aged 50 and above, follows closely behind.
RSA registrations also grew slightly during the reporting period, increasing to 10.72 million contributors in April from 10.69 million in March.
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Faith Kegh
Content & Editorial Manager - Leads the creation, review, and publication of high-quality news and media content. She ensures that all editorial work reflects the organization’s standards of accuracy, professionalism, and relevance, while also engaging and informing the audience.
As the key driver of TokinPoint Media LTD's editorial voice, the manager oversees content planning, assigns tasks to writers or editors, enforces deadlines, and ensures consistency across all platforms. She also plays a strategic role in aligning content with audience interests and search engine optimization (SEO) best practices.