Public Sector Pension Contributions Jump 235% in Q4 2025

In the fourth quarter of 2025, public sector pension contributions in Nigeria surged by 234.85% to ₦550.96 billion, indicating stronger compliance with the contributory pension scheme. The total pension contributions during this period amounted to ₦903.7 billion, with the private sector contributing ₦352.74 billion, marking a modest growth of 4.16%.

The increase in public sector remittances was largely driven by pension adjustments and the clearance of outstanding obligations by government institutions. The National Pension Commission (PenCom) reported that the net asset value of the pension industry rose to ₦1.36 trillion from ₦1.27 trillion in December 2025, up from ₦1.26 trillion in September 2025.

Compliance enforcement yielded results, recovering ₦387.79 million from 16 defaulting employers, bringing total recoveries since 2012 to ₦32.75 billion. Additionally, the federal government paid ₦30.06 billion to beneficiaries of deceased contributors, and 114,864 new retirement savings accounts were opened, increasing the total number of contributors to 11 million, with 74% of RSA holders under the age of 40.