Nigeria's Pension Funds Reach N23.87 Trillion in Investments

As of April 2026, Nigeria's pension fund administrators (PFAs) have deepened their influence in the financial market, increasing their exposure to equities and government securities to N23.87 trillion. This figure represents an increase of N3.58 trillion, or 17.65%, from N20.29 trillion recorded at the end of 2025, according to the National Pension Commission (PenCom).

The investment in equities rose to N6.5 trillion, a 64.68% increase from N3.95 trillion at the end of December 2025. Similarly, investments in federal government securities increased from N16.33 trillion to N17.36 trillion, a rise of N1.02 trillion or 6.3%.

The report indicates that government securities account for 77.15% of the pension industry’s net asset value of N30.94 trillion, while equities account for 21%. The growth in equity exposure is attributed to improved corporate earnings and macroeconomic conditions, which have renewed investor confidence in the Nigerian stock market.