Nigeria's Pension Assets Hit N28.04 Trillion in January 2026

As of January 2026, Nigeria's pension assets have climbed to N28.04 trillion, reflecting a 2.11% increase from N27.46 trillion in December 2025 and a 22.64% rise from N22.86 trillion in January 2025, according to data from the National Pension Commission (PenCom). This growth indicates the resilience of the pension sector amid ongoing macroeconomic challenges.

The increase in assets is primarily driven by higher yields from government securities, which form the backbone of Nigeria's pension portfolio, accounting for N16.70 trillion or 59.55% of total pension assets. The sector has also seen a notable increase in treasury bills, which rose by 17.48% month-on-month.

The total number of registered Retirement Savings Accounts (RSAs) increased to 11.08 million, indicating a gradual expansion of formal participation in the pension industry. The investment strategy remains cautious, focusing on capital preservation while reallocating to higher-yield instruments.