VG Pensions Records 17.6% Earnings Growth, Declares Dividend at 18th AGM in Nigeria
VG Pensions, a Nigerian pension fund administrator, recorded a 17.6% growth in gross earnings for the financial year ending December 31, 2024. The company's profit before tax increased to 724.01 million, leading to the declaration of a final dividend of 8 kobo per share at its 18th Annual General Meeting held on October 16, 2025, in Lagos.
The Chairman, Farouk Lawal Yola, commended the company's resilience and customer-focused strategies, while the Managing Director, Godson Ukpevo Oon, highlighted the firm's strategic discipline and operational efficiency in navigating economic challenges. VG Pensions' performance reflects the robust growth trajectory of the Nigerian pension industry, which managed assets worth 22.51 trillion naira as of December 2024.
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