Nigeria's Pension Assets Reach Historic High of N27.45 Trillion in 2025

Nigeria's pension industry closed 2025 with a record high of N27.45 trillion in assets, as per the unaudited Pension Fund Industry Portfolio report released by the National Pension Commission. The total pension fund assets grew by N4.94 trillion from December 2024 to December 2025, representing a 21.9% annual growth rate.

Notably, the Retirement Savings Account (RSA) funds II and III experienced substantial growth, with RSA fund II assets jumping from N9.24 trillion in December 2024 to N11.52 trillion in December 2025. The number of RSA contributors also increased from 10.58 million in December 2024 to 11.04 million in December 2025, with an additional 450,000 new contributors during the year.

The industry's investment portfolio showed a dominance of government securities, with Federal Government securities holding a significant portion of the total assets. The growth in assets was also attributed to improved equity market valuations and increased exposure, particularly within fund II and fund III portfolios.