Nigeria’s pension assets surged by 51 percent over a two-year period to reach $22.8 billion, equivalent to 31.48 trillion naira, fueled by heightened public trust in the country's contributory pension system.
The National Pension Commission revealed that the total assets under management climbed substantially from the 20.79 trillion naira recorded in July 2024.
During this same period, the total number of registered contributors under the scheme grew by nearly 1 million, bringing the total participation base to over 11 million workers.
Factors driving fund expansion
The rapid growth of the pension fund was heavily supported by a 758 billion naira bond issued to clear outstanding federal retirement liabilities dating back to 2007.
