Nigeria's Pension Assets Reach N32 Trillion Milestone

As of April 30, 2026, Nigeria's pension assets have grown to N32 trillion, which constitutes about 10.4% of the nation's Gross Domestic Product (GDP). Ms.

Omolola Oloworaran, the Director General of the Pension Commission (PenCom), disclosed this during a meeting with a Kenyan delegation led by John Keah from the Retirement Benefits Authority (RBA). The growth in pension assets is credited to consistent regulatory reforms and stronger governance standards implemented since the pension reforms began in 2004.

Oloworaran noted that the federal government's recent settlement of outstanding accrued pension rights liabilities marks a significant milestone for contributors to the pension scheme. The Kenyan delegation, visiting Nigeria from June 8 to 11, 2026, aimed to study PenCom's regulatory and supervisory framework to enhance their own pension system and improve outcomes for citizens.