Pension Assets Hit N23.26trn in February 2025, Rise 17.75% Year-on-year
Samuel Mobolaji
Nigeria’s pension fund assets rose to N23.26 trillion in February 2025, reflecting a 17.75 per cent year-on-year increase and signalling continued investor confidence and resilience in the country’s pension industry.
The latest data from the National Pension Commission (PenCom) shows a 1.77 per cent growth from N22.86 trillion recorded in January 2025. This steady rise is attributed to strategic asset allocation and a diversified investment mix, especially in high-performing government securities.
FGN securities remain the backbone of the portfolio, accounting for N14.46 trillion or 62.18 per cent of the total net asset value. Investments in ordinary shares of local companies also saw a notable uptick, increasing by 7.33 per cent to N2.58 trillion from N2.40 trillion in January. Corporate debt and money market instruments followed with N2.32 trillion and N2.21 trillion, respectively.
Foreign investments showed modest gains as foreign ordinary shares stood at N267.72 billion, and foreign money market instruments rose by 7.77 per cent. However, some asset classes declined, including mutual funds, which dropped by 9.08 per cent to N84.76 billion, and supranational bonds, which plunged 29.76 per cent to N19.56 billion.
By fund category, Fund II—the default RSA fund under the Multi-Fund Structure—continued to dominate with N9.61 trillion, representing 41.33 per cent of total assets. Fund III followed with N6.05 trillion, up slightly from N6.01 trillion.
The number of Retirement Savings Account (RSA) holders also climbed, reaching 10.65 million in February from 10.61 million in January 2025, indicating expanding participation in the pension scheme.
Since February 2024, pension assets have grown by N3.51 trillion, while the two-year rise from 2023 stands at N4.91 trillion, marking significant momentum for the sector.
This consistent growth, largely driven by contributions and investment performance, particularly in FGN bonds, reinforces the stability of Nigeria’s pension system and its long-term viability.
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