Pension Funds Soar to N28trn with Over 11m Contributors

The Nigerian pension fund industry started 2026 on a high note, with total pension fund assets surging to a new milestone of N28.04 tn as of 31 January 2026, indicating a 22.64 per cent appreciation in pension assets from N22.86 tn in January 2025.

According to the latest unaudited report on the pension funds industry portfolio, the industry recorded a significant monthly growth of N580.22 bn, rising from a previous net asset value of N27.46 tn at the end of the prior period.

On an annual basis, the increase represents an addition of N5.17 tn within one year, highlighting continued expansion in the pension industry driven by contributions and investment performance.

This growth coincides with a steady expansion in the contributor base, with Registered Savings Account membership reaching 11,084,127 as of January 2026.

The investment landscape remains heavily weighted toward Federal Government of Nigeria securities, which account for N16.69 tn of the total portfolio. Within this asset class, Federal Government Bonds (Held to Maturity) are the single largest investment vehicle, totalling N13.16 tn.

Other FGN investments include Treasury Bills: N894.09 bn, Sukuk Bonds (HTM and AFS) totalling over N100.18 bn, and Green Bonds standing at N18.30 bn.