Nigeria’s pension assets rise by N1.42tn to N30.94tn in April — PenCom
By Abiodun Folarin, Abuja
Nigeria’s pension fund assets increased by N1.42 trillion in April 2026 to N30.94 trillion, reflecting sustained growth in the country’s contributory pension scheme, according to the latest industry report released by the National Pension Commission (PenCom).
The report showed that the total net asset value of pension funds rose from N29.52 trillion recorded in March 2026 to N30.94 trillion at the end of April, representing a month-on-month increase of 4.8 per cent.
PenCom’s unaudited industry portfolio report indicated that Federal Government securities remained the dominant investment class, accounting for N17.36 trillion or about 56.1 per cent of total pension assets.
Within the category, Federal Government bonds held to maturity stood at N13.40 trillion, while bonds available for sale amounted to N2.73 trillion. Treasury bills accounted for N1.11 trillion of the portfolio.
The report further revealed that pension fund investments in domestic equities climbed to N6.51 trillion, underscoring continued exposure to the Nigerian stock market. Foreign ordinary shares were valued at N269.25 billion.
Corporate debt securities constituted N2.25 trillion of pension assets, while money market instruments stood at N2.66 trillion. Investments in fixed deposits and bank acceptances amounted to N2.41 trillion, while commercial papers accounted for N210.41 billion.
Other asset classes included infrastructure funds valued at N312.61 billion, private equity investments of N256.96 billion, mutual funds worth N262.58 billion, and real estate investments amounting to N167.33 billion.
Analysis of the various pension fund categories showed that Fund III recorded the highest monthly growth of N764.92 billion, followed by Fund IV with N286.63 billion. Existing schemes grew by N87.35 billion, while Fund VI recorded an increase of N119.17 billion during the month under review.
The report also disclosed that the total number of Retirement Savings Account (RSA) holders rose to 11.23 million as of April 2026, highlighting continued expansion in pension enrollment across the country.
PenCom noted that the figures covered approved existing schemes, closed Pension Fund Administrators, and RSA funds, including unremitted contributions held by the Central Bank of Nigeria and legacy pension funds.
