• Super Admin
• 06 Mar, 2026

March 06, (THEWILL) -- Nigeria's pension industry has recorded a significant milestone, with total pension fund assets rising to ₦28.04 trillion while the number of contributors under the Retirement Savings Account (RSA) system has exceeded 11 million, according to the latest report from the National Pension Commission (PenCom). Data released by the commission showed that total pension assets stood at ₦28.04 trillion as of January 31, 2026, reflecting sustained growth in the sector. The figure represents a 22.64 per cent increase from ₦22.86 trillion recorded in January 2025, indicating strong expansion driven by steady contributions and favourable investment returns. On a month-to-month basis, pension assets grew by about ₦580.22 billion, rising from ₦27.46 trillion in the previous month. The industry also recorded a year-on-year increase of ₦5.17 trillion, underscoring the continued growth of Nigeria's contributory pension scheme. The report further revealed that the total number of RSA holders rose to 11,084,127 contributors as of January 2026, marking a new high for the pension industry. The increase in membership reflects improved compliance with the contributory pension scheme, as well as expanding participation from employees in both the public and private sectors. Industry stakeholders have attributed the growth in assets and contributors to increased awareness of pension benefits, improved regulatory oversight, and the gradual expansion of pension coverage across the country. Nigeria's pension industry has maintained a steady upward trajectory over the years. The sector closed 2025 with pension assets estimated at ₦27.45 trillion, highlighting the strong growth momentum recorded in recent times. A large portion of the funds is invested in relatively low-risk financial instruments such as Federal Government bonds and treasury bills, although pension fund administrators have continued to diversify investments into equities, infrastructure funds and other alternative assets in order to enhance returns. The continued expansion of pension assets is considered vital for strengthening retirement security for Nigerian workers while also providing a significant pool of long-term capital that can support economic development. With assets now exceeding ₦28 trillion and contributors surpassing 11 million, the country's pension industry remains one of the largest institutional investment pools in Africa. Source: https://thewillnews.com/pension-fund-assets-rise-to-%e2%82%a628tn-contributors-exceed-11-million/